On our last breakdown, we clearly outlined that ETH bullish price action would go up to the 175$ before tanking to 150$ and even lower to 133$.
Now, we will conduct another breakdown of ETH to re-assess the situation with ETH currently trading at 156$
- We expect ETH bearish activity to continue to 137$ at the minimum. For this to occur, we would need to see confirmation price of 150$ broken to the downside.
- We do also expect to see bearish activity further down to the 110$ level.
- If we break the 110$, we safely expect the 92$ and if this is broken then we go to our first buy zone of 82$.
- Final buy zone of 44$ on ETH for HODL positions to 400$,800$ and 1200$.
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