Can ETH ~ reach around 2150?


Structural Analysis (Market Structure)Weekly Context: The graph shows that ETH is undergoing a complex Deep Correction ( deep correction ). The current descending channel (Wedge/Channel with red lines) shows that the bearish momentum is still there.
Major Higher Low ( Major Higher Low ): Your target price of 2150 is at the level marked by the dotted line on the far right of the chart, which is not only a psychological threshold, but also a support zone ( near the starting point of the previous large swing ).
Measured Move ( isometric ): From a PA perspective, if the current decline is a "two-leg pullback (ABC)", then the 2100-2200 range is exactly the 1:1 mirror position of the first leg of the downward depth.
ETH-4,21%
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