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Ethereum price It raises the red flags between analysts, indicating technical indicators towards a possible collapse to the level of $ 2000. Although an experience A High Recently, after increasing Bitcoin prices, fears continue to grow until a deeper correction may be exposed.
The price of Ethereum decreased to $ 2000
Based on a report Written by Master Ananda, Crypto TradingView analyst, the ETHEREUM market is a flashing signs of its price It is struggling under the critical resistance area. At the time of the press, ETHEREUM is trading approximately $ 2,605 after rejecting it from the highest local level of about $ 2,788.
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The ETHEREUM graph for 4 hours provided by Master Ananda shows that Top Altcoin has probably completed a short -term top, and now there is a corrective step in playing. The analysis hints at a The price that is looming on the horizonWith technical expectations that indicate a decline towards the level of $ 2000 or less before the next ups.
analyst Detitable continuity thesis It appears to be a highly used setting, as ETHEREUM is expected to reconsider low decline levels in Fibonacci. It is worth noting that the graph reveals a declining difference that is formed, as the price is paid slightly higher in May, but with a decreased momentum. This, in turn, has created an increased resistance line while the size and prices failed to confirm higher levels.
Miscellaneous, the ETHEREUM price has collapsed since then to less than the Fibonacci level 0.230, indicating the possible The beginning of the phase of wider correction. The following potential support areas are located at $ 2,280 (0.382 FIB), and $ 2,085 (0.5 FIB), and most importantly, the 1900 dollar price point at the RERERERRERDING 0.618 FIB level.
The distinctive green areas of the Master Ananda Plan represents the potential support and purchase areas, which indicate an amount of $ 1900 to $ 1735 (0.618-0.786 FIB) as the most likely to form a low formation. A previous major decrease occurred on April 7, and expectation is that this correction will end above this level. Until then, a short -term correction remains the most likely scenario, and merchants are warned of caution because the scheme highlights more accurately shattering to $ 1,385.
ETH Trade Strategy: Buy a decrease and move long
While participating Detaire thesis for EthereumMaster Ananda also presented a clear strategy for investors and traders. He advised long -term holders to wait patience for the expected decrease and evaluate the support reaction before searching for clear reversal signals.
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Purchase in support areas such as $ 1900 or even less than 1736 dollars Optimal entry points For long -term sites. Although the bears may still try to shorten the market, Master Ananda confirms that the downside remains limited.
The analyst emphasizes the importance of planning and avoiding impulsive trading by creating perfect entry and exit points while respecting the prevailing market. with The oud ethereum look is still intactThe expected price collapse can become an opportunity for many traders instead of threat.
Distinctive image from Getty Images, Chart from TradingView.com
