Eth still  set for $3500
2024-11-12

Just had a big dip on eth and bitcoin relative in comparison to the price action over the past few days where it has been absolutely soaring.

Getting to that point where the sell pressure is starting to come in strong. It was strong enough to break structure bearish on the hour but similar to bitcoin its only the first push.

Market will likely go back for a retest because its low right now...And bears will have to defend. If they can't then likely we'll just break back structure bullish to the upside which I think have a greater chance of happening. 

So even though right now technically bearish its not the best place to sell. So odds are we'll still push up at least a little before we'll know if this is infact a likely local top in progress.