Ethereum (ETH): Seeing Struggle But Nothing Serious | Bullish AF

ETH still looks bullish to us, with the price staying above the local 200EMA, where last time we had a decent bounce from it.

Now, as many remember and know, we are bullish on ETH only due to 1 big reason: the liquidity of BTC has to go somewhere, and as investors have already had their fun (most of it, at least) with BTC, now they need to relocate their money and ETH is the next step.

$4000 is still our target (once again, as we already reached it once basically), and the current zone seems like a good bounce area with the 100 EMA and the middle line of the BB sitting there, in addition to lots of liquidity being distributed here (based on the order book we use)!


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