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noOooO eth to $2k?! 📉🔥 ETH holders rn: 🤯🤯🤯 #
ethereum’s potential downside if December closes below $2,930 highlights the significance of technical analysis and support levels in price prediction: observing the long-term parallel
A crypto analyst discusses Ethereum’s potential based on a long-term parallel channel seen in its monthly chart. A parallel channel forms when an asset trades between two parallel trend lines. This pattern can assist in predicting price movements: a break above resistance is bullish, while a drop below support is bearish. If Ethereum closes December below $2,930, a decline to $2,000 and possibly $1,090 could follow. Current price: $2,860 (down 15% in 7 days).
Source: [Link] 📊 #Ethereum #Crypto #Analyst #PricePrediction
Ethereum risks slipping to $2,000 if December closes below that level: analyst
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