EMA 200 was the level where Ethereum rebounded like a rubber ball after the last three important falls forming huge reversal candles.
Now Ethereum is flirting with EMA 200, and the EMA is not working as a launch base for Ethereum. This make me believe that Ethereum will cross the EMA 200.
Last time that Ethereum crossed the EMA 200 price halved till the basis of this rising channel. A retracement of the same factor which lead Ethereum from the previous peak to EMA 200.
If Ethereum cross the EMA 200 and the history repeat...Ethereum willl go down till 270, the support of the last bull run, maybe touching again the basis of the channel at the end of the first week of may
Now Ethereum is flirting with EMA 200, and the EMA is not working as a launch base for Ethereum. This make me believe that Ethereum will cross the EMA 200.
Last time that Ethereum crossed the EMA 200 price halved till the basis of this rising channel. A retracement of the same factor which lead Ethereum from the previous peak to EMA 200.
If Ethereum cross the EMA 200 and the history repeat...Ethereum willl go down till 270, the support of the last bull run, maybe touching again the basis of the channel at the end of the first week of may