As it turned out, we haven’t made a forecast for ETH cryptocurrency for more than half a year, but why? Because our previous forecast exactly worked until recently, having gone up 3/4 of the planned route, see for yourself:
Today’s forecast for ETH cryptocurrency turned out to be very optimistic, with a spoonful of tar at the end.
Since this is a global view of the ETH price chart, today we will highlight the main and critical levels for the start of a strong up or down trend.
ETH cryptocurrency – conditions to start a new up trend
In order to start a strong growth trend, buyers of ETH cryptocurrency need to confidently fix the price above $3200 in the coming days or weeks. At the same time, it is desirable not to release the price below $2550
If these conditions are met, it may open the way for the so far exorbitant targets of $6900 and $14800 for ETH.
Optimism and belief in the bright future will completely disappear from ETHUSD market participants if the ETH price goes under $1750, which is the last critical level for buyers.
And below that there is nothing and the possibility of ETH price going down to $600-800
Maybe our chart is hard to perceive, but if you look carefully, you can find some clues, which can help at a critical moment.