Ethereum has 3 important lines above:
- 78.80 Fibonacci level.
- Upper downtrend channel line.
- Previously big support and now big resistance line (at around $480+).
I'm expecting it to go lower till it will reach 88.60 Fibo lvl, at ~$190. IF Ethereum will break previously mentioned 3 important resistance lines, it will gain a lot of momentum and will go up, by a lot of $. But it's not likely the case right now. We will see.
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Very clear TA! very nice!
THX!