$ETH
Added 2024-07-25 07:50:26 +0000 UTCCrypto has not been spared from this global sell off this morning, when the 50 Day MA was lost here, the price fell through the support levels and could not hold its 0.5 Fib and 200 Day MA.
The price managed to hold above the 0.618 Fib so it will be interesting to see if this can reclaim the 200 Day MA when the market opens or in the PM for the market, which is exactly at the 0.5 Fib at $3192
No changes to the impulse wave or a breakdown in structure, just a pull back to the 0.618 Fib so far, which is standard. $ETH ETF was approved this week, so it appears we got a buy the rumour, sell the news event.
But overall I think this is certainly a good event for $ETH.
Comments
When one should consider re-adding now more ETH ? If it holds the 0.5 level?
khaled rasmy
2024-07-25 09:52:57 +0000 UTC
