$ETH
Added 2025-01-08 13:30:01 +0000 UTCCrypto has pulled back aggressively and there is no denying that, what's also evident is that there is a clear rejection for $ETH at the yellow resistance line and it stopped out exactly at $3700, a level we have been watching since the bounce in Mid Dec.
That being said, a lower low has not been made yet and we are just back to the 0.78 Fib support level again for a test of support.
If this level is not held then we must assume that a lower low will come in next below the 0.5 Fib at $3100 and the 200 Day MA is the target at $2980
We did not sell in December and I have no intention to sell now either, what I will consider is adding again if there is a test of the 200 Day MA and holding.
