Another dip on ETH.
2025-02-07
Category: None

ETH is once again at the support trendline and must hold this support on a weekly timeframe. Previously, ETH reached the accumulation range and delivered an approximate gain of 80%.

Now, it has hit the same accumulation range once again and moved back inside the triangle, leaving a long wick behind. The challenge is to close above the support within the weekly timeframe, which is 2 days and 8 hours away.

I expect a rebound in ETH in the second quarter.

Note: Always do your own research and analysis before investing.