BH-加密皇
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Bearish
$ETH 【Beware of Continued Decline】
Ethereum is currently priced at over 2940, and we have been warning since it was over 3000 that it would break support, aiming for a bearish outlook. Today, let's look at the weekly chart; it is clear that this round of the bull market for Ethereum only reached the previous bull market high before ending and falling back, as shown in the chart: after retracing to the Fibonacci retracement 0 axis, it rebounded to the 0.382 position and then continued to retrace, confirming that the next important support level is around 0 axis, near 2600-2650, and the second important support level is around 2200. #ETH
Ethereum is currently priced at over 2940, and we have been warning since it was over 3000 that it would break support, aiming for a bearish outlook. Today, let's look at the weekly chart; it is clear that this round of the bull market for Ethereum only reached the previous bull market high before ending and falling back, as shown in the chart: after retracing to the Fibonacci retracement 0 axis, it rebounded to the 0.382 position and then continued to retrace, confirming that the next important support level is around 0 axis, near 2600-2650, and the second important support level is around 2200. #ETH
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