Hey everyone!
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ETH is currently trading around $3500 level. As you see in the chart, it is currently trying to form a cup and handle-like structure in the daily time frame where the cup is completed and now the handle is forming.
IMO, this is the best time to accumulate more and more ETH here. However, we might see some more drop from here up to the $3300 level but once it starts its reversal it won't give you the chance to enter. So the best way is DCA(Dollar Cost Averaging).
Overall it looks bullish to me and soon we will see a good pump in the whole market. As of now, the market is just testing your patience. So keep calm and hold your positions.
Buying range:- $3200-$3500
Target:- $6k-$7k
Invalidation:- Weekly close below $3200
Let me know your thoughts in the comments below!
If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated!
ETH is currently trading around $3500 level. As you see in the chart, it is currently trying to form a cup and handle-like structure in the daily time frame where the cup is completed and now the handle is forming.
IMO, this is the best time to accumulate more and more ETH here. However, we might see some more drop from here up to the $3300 level but once it starts its reversal it won't give you the chance to enter. So the best way is DCA(Dollar Cost Averaging).
Overall it looks bullish to me and soon we will see a good pump in the whole market. As of now, the market is just testing your patience. So keep calm and hold your positions.
Buying range:- $3200-$3500
Target:- $6k-$7k
Invalidation:- Weekly close below $3200
Let me know your thoughts in the comments below!
