Scenario for ETH in the future! Note: The figure only illustrates the projection for the next 1-2 months, not the price line. Looking at the weekly chart, as I commented before, ETH has tested the support zone and is having a slight recovery back to 3k2. Looking at the smaller frame, specifically the daily frame, the overall trend structure is still down. But there are signs of strong buying and changes in internal structure => there is strong buying pressure in this area My upcoming forecast ETH sideways for a while in the range of $2k7-3k3 (VP zone established from last month) At least about 1 month later, there will be a strong recovery to the old peak of about $4k. So for those who want to play spot in the medium term for a few months, it is best to spread out and wait for the spot area below $3k first. SL when breaking the $2k2 zone, because the price breaks through this zone, it is considered that the weekly support frame is broken, but I think this bad scenario is unlikely to happen at the moment.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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