Ethereum Bulls Could Reject Analyst’s Projected Consolidation to $3,300
- A crypto analyst thinks Ethereum is holding up nicely despite the recent pullback.
- Ethereum has rebounded from a recent drop to $3,507, showing buyer interest.
- Dropping to $3,300 will build upside liquidity for Ethereum and set up a bullish reversal.
Ethereum faced resistance at $3,860 last Monday before sliding to $3,507 later in the week. Despite a partial recovery to $3,694, analyst Michael van de Poppe stated that the pullback may not be over, hinting at ongoing consolidation before the next decisive move.
ETH could drop to $3,300
In his X post, the analyst highlighted how the ETHBTC pair resisted a massive pullback but consolidated, while the broader crypto market crashed. Van de Poppe considered it a show of strength by Ethereum, which he expects to continue when bullish momentum returns.
In the meantime, the a…
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Ethereum Bulls Could Reject Analyst’s Projected Consolidation to $3,300
- A crypto analyst thinks Ethereum is holding up nicely despite the recent pullback.
- Ethereum has rebounded from a recent drop to $3,507, showing buyer interest.
- Dropping to $3,300 will build upside liquidity for Ethereum and set up a bullish reversal.
Ethereum faced resistance at $3,860 last Monday before sliding to $3,507 later in the week. Despite a partial recovery to $3,694, analyst Michael van de Poppe stated that the pullback may not be over, hinting at ongoing consolidation before the next decisive move.
ETH could drop to $3,300
In his X post, the analyst highlighted how the ETHBTC pair resisted a massive pullback but consolidated, while the broader crypto market crashed. Van de Poppe considered it a show of strength by Ethereum, which he expects to continue when bullish momentum returns.
In the meantime, the a…
The post Ethereum Bulls Could Reject Analyst’s Projected Consolidation to $3,300 appeared first on Coin Edition.
Читать больше