ETH Trend Analysis
First of all, if we look at the weekly period and the head depth according to the formation, we encounter an average price of 660-750 dollars.
When we make detailed measurements in 4 hours period, I think its trying to reveal a harmonic model.
Assuming that B will be shorter than other patterns and d will be in sync with the descending trend, then the d leg will likely be at fib 1.13.
I think it will be around 700-800 dollars on average.
The past accumulation zone corresponding to the current price is in the $1400-700 range.
Assuming that it will accumulate in this region, prices will fluctuate in this range. Then if you ask why I don't think it will go up to 1400 but I think it will go down to 700 dollars; As I mentioned in my previous btc analysis, accepting that btc will fall into a price range of around 12k, this will put negative pressure on the others.
Note: This is not investment advice.
When we make detailed measurements in 4 hours period, I think its trying to reveal a harmonic model.
Assuming that B will be shorter than other patterns and d will be in sync with the descending trend, then the d leg will likely be at fib 1.13.
I think it will be around 700-800 dollars on average.
The past accumulation zone corresponding to the current price is in the $1400-700 range.
Assuming that it will accumulate in this region, prices will fluctuate in this range. Then if you ask why I don't think it will go up to 1400 but I think it will go down to 700 dollars; As I mentioned in my previous btc analysis, accepting that btc will fall into a price range of around 12k, this will put negative pressure on the others.
Note: This is not investment advice.
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