We’re now approaching a major monthly support that’s been respected for over 6 years, perfectly lining up with the lower Bollinger Band on the higher timeframe. - No one knows if last week was the absolute bottom but one thing is clear...we are far closer to the bottom than the top. If price wicks to the lower side of the BB, we could see a $1,450 support test. But IMO, any accumulation under $2,000 is an incredible long-term opportunity.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
ETH/USD 📈
We’re now approaching a major monthly support that’s been respected for over 6 years, perfectly lining up with the lower Bollinger Band on the higher timeframe.
- No one knows if last week was the absolute bottom but one thing is clear...we are far closer to the bottom than the top.
If price wicks to the lower side of the BB, we could see a $1,450 support test.
But IMO, any accumulation under $2,000 is an incredible long-term opportunity.