Ethereum (ETH): Sweet Buying Opportunity Soon

23 בדצמ׳ 2024

Ethereum is approaching the sweet buying zones (two of the yellowish zones).

With recent bearish dominance on the markets, Ethereum did a good movement to lower zones, resulting in a reset for the price.

Now we wait for the first yellow zone to be reached, where we would start to look for a long position and possibly also DCA the position!!

Swallow Team

24 בדצמ׳ 2024

הערה

Ethereum has done so far a decent decline, breaking our bounce zone, where sellers have secured this zone as well with a re-test.

We are now expecting to see a possible break of structure to form near $3,100, which would lead price towards the support on lower zones!

25 בדצמ׳ 2024

הערה

We are yet again back at our bounce zone with Ethereum, where we are going for a second re-test.

Now after the breakdown and the first re-test, we are seeing the second re-test, where we might see a breakout as buyers surge for another attempt here.

We are waiting for further confirmations of whether there is a breakout or a rejection to determine who will take over the dominance near that zone (which is also aligned with EMAs).

26 בדצמ׳ 2024

הערה

Sellers showed yet again dominance while re-testing our bounce zone, where now sellers took full control of that zone, forming a resistance zone right there.

We expect to see a smaller correction re-testing one support zone and stabilising the coin, which could give it another proper zone to bounce from (possibly to new ATHs).

27 בדצמ׳ 2024

הערה

Ethereum is still trading below our bounce zone, which marked a resistance for the coin (and also got alined with EMAs).

After a successful re-test, price has been in a decline trend here so we expect further pressure from sellers to be shown, which would lead price to a break of lows here and towards the support zone!