Based on candles and technical indicators, I think $ETH is within hours of a major move down. There are multiple reasons – they all are accumulated in the two charts, the short-term above and the mid-term below.
- A higher high could happen, but unlikely.
- The next stop would be $3900.
- Mid-term target area: $3350-2340.
- Return to $1720 is possible, but less likely at this point.
A long-term chart will be posted in the weekly analysis.
This is the link to the call on Top:
The bigger picture is here:
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