Ethereum (ETH): Looking For Proper Support!
2024-12-30
Category: None

On a daily timeframe, we are looking for proper support to form on the coin, where the first ideal zone would be near $3,050, which is near the 200EMA line and also marks as some kind of neckline zone for a possible H&S pattern there. 

Now ideally this would be the zone we would be looking for the start of DCA, as we might still fall from there towards our second support zone, which will be a much stronger zone from where to bounce off.

This being said, we are still bullish on Ethereum; just a slight correction would be a logical move here, in our opinion!

Swallow Team