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Ethcorrection

ETH to dip along with BTC in coming daysDue to BTC fall even Altcoins are facing hard time moving up. Going by the chart, looks like we heading for another fall soon (hopefully last major DIP) On the chart, ETH have already touched point A & B and it heading for point C which is falling between 1600-1700 zone. This would be a perfect buying opportunity for the long term traders. If you like my analysis then do drop a LIKE and a COMMENT. Also do SHARE it with your friends. Also don't forget to smash that FOLLOW button to get daily analysis of multiple crypto currencies and sometime ASX stocks. Note - These are my personal notes and in no way a financial advice. Do your own research and Trade wisely
Short
by Manjyot
1
ETH/USDT - market update 24.05Hello traders, ETH corrected the whole upward movement, which started from the $2140 - $2488 zone. Under sellers' pressure and a cascade of liquidations of margin positions, the price fell to the level of $1740, and then returned to the buyers' control zone of $2140 - $2488. In the apparent trades profile, we see that the area of the highest interest is between $2488 - $3200, so we can assume that the upcoming trading activity will be concentrated in this area. The buyers will meet the sellers on the downside correction: the first sellers' control zone is between $2800-3000, the second one is between $3200-$3590, where we can expect the sellers' reaction in each zone. The closest Fibonacci Retracement levels are: 0,382 ($2742); 0,50 ($3056) ; 0.618 (3369) The news background also disposes of the growth. For instance, Bloomberg said today that ETH is approaching a long-awaited fix that will reduce electricity consumption by more than 99%. Good luck and watch out for the market P.S. This is an educational analysis that shall not be considered a financial advice
COINBASE:ETHUSDLong
by UnknownUnicorn10064030
ETH - 2h. We expect a repeat test of $1270.Yesterday's wild growth of BTC , provoked by tweets, you know who or bitcoin expiration, did not provoke ETH buyers to grow wildly. The ETHUSD price failed to break the previous liquidity range of $1420-1440 . Even the increased trading volumes did not satisfy ETH buyers to take control of the liquid zone, from which the correction began on January 25. At the moment, sellers are trying to take the initiative and keep the range of $1340-1350 to continue falling to the mark of $1270. There are two possible scenarios of price movement near this mark. So when sellers hit the mark of $1270 we'll come up with a new idea. However, at the moment the price of ETHUSDT is moving in a falling channel. Our subjective opinion - while the price of ETH below $1340 correction is not completed. However, the range of $1180-1200 is good for buying ETH, given the risks. __________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
10