-
Ethereum: Why Bounces Are Still Selling Opportunities
On Tuesday, I wrote about how the Ethereum correction odds had increased following the break below the $1,600 critical level. Not only is that a key level, but the March open is $1,605, making it even more significant. ETH is down 8% since then and was down nearly 12% at Friday’s low. Currently, Ethereum is battling with the $1,420 area, which is still serving as key support on a daily closing basis. However, I expect more downside for ETHUSD toward the June 2021 trend line at $1,300. That aligns with Bitcoin reaching my March target of $18,400, which I wrote about two days ago, as there’s still considerable ... (full story)
