📉 Chart review of #Ethereum 📈
$ETH moves around the 20-month moving average. Overall, that chart seems prone to a breakout and a re-test of the close of 2024 (3336) at some point. But there is also a possibility of a drop to ~2850. What happens first is hard to predict, but these two levels mark potential targets for TP and entries that are worth waiting for, while ignoring the rest of PA.
🎯 Key Levels
Above: 3240 / 3336 / 3530
Below: 2990 / 2850 / 2785
The least reliable target for drops is at the November close at 2990 - it could provide enough volume to start rising, but that bounce can easily be stopped at the 20-month moving average (3071) and pushed down. So that is for scalping on lower time frames.
⏰ TG #Ethereum alarms set for: D/W/M-20sma, 3917, 3658, 3336, 2850, 2620.
