#ETH — Correction Before the ETF Launch?
Despite the market downturn, ETH's price remains above the crucial mirror support zone at $3,650, still leaving room for growth and a potential new ATH.
❗️However, a likely scenario before the ETH-ETF launch is a corrective dip, allowing big players (funds) to buy at better prices.
📉 Therefore, a decline to the $3,400 - $3,200 range is entirely possible. This is where the Fibonacci correction zone and the 100-200 MA on the 8-hour timeframe are located.
Remember: The bearish scenario will only play out if the current support is broken.
❗️However, a likely scenario before the ETH-ETF launch is a corrective dip, allowing big players (funds) to buy at better prices.
📉 Therefore, a decline to the $3,400 - $3,200 range is entirely possible. This is where the Fibonacci correction zone and the 100-200 MA on the 8-hour timeframe are located.
Remember: The bearish scenario will only play out if the current support is broken.
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Присоединяйся Telegram: t.me/+0nPAI8xmnegyOWFi
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.