ETH, like many currencies, is not in a good position.
In my opinion, the long-term situation of the market is declining until the price reaches the weekly support.
I do not believe in the head-shoulder pattern, but this pattern has a great psychological effect on traders.
The overlap in Fibonacci is a bit scary.
But in the medium term, we will see fluctuations between weekly support and the new resistance zone.
If the weekly support is broken, despite the pattern and overlap, we will see a lot of decline.
But I'm waiting for strong positive news to break all of this
In my opinion, the long-term situation of the market is declining until the price reaches the weekly support.
I do not believe in the head-shoulder pattern, but this pattern has a great psychological effect on traders.
The overlap in Fibonacci is a bit scary.
But in the medium term, we will see fluctuations between weekly support and the new resistance zone.
If the weekly support is broken, despite the pattern and overlap, we will see a lot of decline.
But I'm waiting for strong positive news to break all of this
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