Crypto Market is still messed up. Confidence is low and investors are worried to say the least, after the FTX fiasco.
Will regulators step in and will that be a good or a bad thing (gonna be grey...)
For now:
Ehereum has support at the end of the descending channel and a rebound to 1167(mid) and 1240 (upper) is expected. The most probable scenario.
In case of a lost 1089 level (lower side of the channel) then inevitably the price will travel lower to 1020-1022 support or even as low as 977 where the Big All Time support lies.
One Love,
the FXPROFESSOR
Will regulators step in and will that be a good or a bad thing (gonna be grey...)
For now:
Ehereum has support at the end of the descending channel and a rebound to 1167(mid) and 1240 (upper) is expected. The most probable scenario.
In case of a lost 1089 level (lower side of the channel) then inevitably the price will travel lower to 1020-1022 support or even as low as 977 where the Big All Time support lies.
One Love,
the FXPROFESSOR
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