Analysis of ETH time form 4 hours
With an 8% drop this morning, the price went down to $2160 and reacted by hitting the Fibonacci level of 618 and created a big rally.
The price is now 2240$, and considering that our yellow channel has broken from the bottom, we expected a price correction. resistance of $2400, the bullish scenario will be likely again, and if the price corrects below the 99-day average and Fibo 618, there will be a deep correction in the market up to the price of $2000.
#ETHUSDT
With an 8% drop this morning, the price went down to $2160 and reacted by hitting the Fibonacci level of 618 and created a big rally.
The price is now 2240$, and considering that our yellow channel has broken from the bottom, we expected a price correction. resistance of $2400, the bullish scenario will be likely again, and if the price corrects below the 99-day average and Fibo 618, there will be a deep correction in the market up to the price of $2000.
#ETHUSDT