TA: Ethereum Price Analysis
Ethereum in a Daily Correction: Ethereum (ETH) is currently undergoing a correction in the daily timeframe, approaching the Fibonacci levels of 0.382 and 0.5.
📈 PRZ (Potential Reversal Zone): This zone is significant, as it includes various Fibonacci retracements of different waves and also serves as a strong support area.
🛒 Ethereum Buying Scenarios:
Entry in PRZ: Enter the PRZ box and look for a candlestick pattern or formation that indicates a bullish reversal. After receiving confirmation, you can consider buying with a stop loss below $1914.
Wait for Upward Movement: Wait for Ethereum to show support in this area and move upwards. Consider entering after a breakout above $2454.
💡 Personal Ethereum Strategy: Currently, I'm holding my Ethereum, utilizing it in DeFi to generate returns. I plan to continue holding as long as Ethereum stays within its ascending channel.
⚠️ Caution in No Trade Zone: Be aware of potential high volatility in the no trade zone.
📉 Short Position Strategy: For short positions, consider entering below $2024.
🔜 Future Updates on Targets: I will update the analysis with potential upward targets if Ethereum moves upwards.
📚 Remember: Cryptocurrency markets are highly volatile. Stay updated with market trends and manage your investments cautiously! 🧠💼
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Can the 40 billion bitcoin taken away by Qian Zhimin be returned to China?
Our core demand is very clear—to return the assets to their rightful owners, that is, to return them to the Chinese victims.

Bitcoin Surges but Stumbles: Will Crypto Market Recover?
In Brief Bitcoin fails to maintain its position above $93,000 and faces heavy selling pressure. Altcoins experience sharp declines, with some showing mixed performance trends. Shifts in U.S. spot Bitcoin ETF flows highlight cautious investor behavior.

Qubic and Solana: A Technical Breakthrough by Studio Avicenne
