ETH Heading Down to 2000 is That Possible
ETH Heading Down to 2000? Is That Possible?
Ethereum is moving down significantly after Bitcoin began a larger bearish movement, as I explained in my previous analysis. ETH struggled to break through the $2730 resistance zone and showed hesitation. If we look at the historical price structure, ETH appears to be repeating a similar pattern, increasing the likelihood of a similar move.
After any minor corrections, ETH may continue its downtrend, and this time, it wouldn’t be surprising if it drops to $2000. A very strong support zone exists between $2120 and $2190. If the price breaks through this zone, reaching $2000 could be an easy target.
✅Recent Economic Data Impact
Yesterday, the US reported ADP September employment at +143K versus the expected +120K. This raises hopes that the NFP data on Friday may exceed expectations. If that happens, ETH could easily reach the $2000 target
You may find more details in the chart📉
PS Support with like and comments if you find this analysis useful for your Trading day ❤️
Ethereum is moving down significantly after Bitcoin began a larger bearish movement, as I explained in my previous analysis. ETH struggled to break through the $2730 resistance zone and showed hesitation. If we look at the historical price structure, ETH appears to be repeating a similar pattern, increasing the likelihood of a similar move.
After any minor corrections, ETH may continue its downtrend, and this time, it wouldn’t be surprising if it drops to $2000. A very strong support zone exists between $2120 and $2190. If the price breaks through this zone, reaching $2000 could be an easy target.
✅Recent Economic Data Impact
Yesterday, the US reported ADP September employment at +143K versus the expected +120K. This raises hopes that the NFP data on Friday may exceed expectations. If that happens, ETH could easily reach the $2000 target
You may find more details in the chart📉
PS Support with like and comments if you find this analysis useful for your Trading day ❤️
JOIN MY TELEGRAM CHANNEL
t.me/+f1Us-87EPS43Mzg0
🟢 Join Free Telegram Channel
t.me/+KsrkFFjw_K41MDk0
t.me/+f1Us-87EPS43Mzg0
🟢 Join Free Telegram Channel
t.me/+KsrkFFjw_K41MDk0
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.