At this point, it is clear to me that the market remains very volatile and, of course, confused.
The Ethereum market will fall below the $ 3,000 level on Friday and will appear to threaten the candlestick on Monday. Monday’s candlestick was major hammer, And if it breaks down under its candlestick, Ethereum can be much lower. At that point, I expect Ethereum to fall to levels below $ 2,750.
If you disassemble it under it, Ethereum may be about to reach the $ 2,500 level. The $ 2500 level has been important many times, so I think it makes a lot of sense to see support coming in there. It could also fall below that and the market could fall to the $ 2000 level. Below the $ 2500 level, it’s probably a good signal that we might be able to see. Cryptography Assets generally decrease.
On the other hand, if you make a break above the $ 3100 level, you may be able to look at the $ 3500 level. The $ 3,500 level above is a level that has been withdrawn from before, so it makes sense to see great resistance. If it somehow breaks above the $ 3,500 level, it will be very bullish for Ethereum and could open up the possibility of rising to the $ 4,000 level.
At this point, it is clear to me that the market remains very volatile and, of course, confused. For this reason, I think the market will continue to be very noisy, but for now it seems to be threatening the downside. It’s also worth noting that Bitcoin is falling during the day and appears to threaten Monday’s lows. Look at both of these charts, as one usually leads the other. Both the 50-day EMA and the 200-day EMA are in the same area and are lying sideways. In other words, there is no real direction at this point, so you will not be overexposed to the large Ethereum.