ETHUSD
Bullish Scenario
I think If buyers manage to overcome this severe upward constraint, they could move up to the 5120-barrier. The break above this level would boost buyers' confidence to push towards the 5280 and 5450 handles. If the bulls succeed in overcoming these obstacles, their focus will shift to the resistance zone of the 5800-mark.
On the downside, Ethereum would seek immediate support around the key psychological barrier at 4500 near the 20-day simple moving average if selling pressures return. Should these barriers fail to dismiss a more profound decline from evolving, sellers may drive the price to test the November low at the 3915-mark. Breaking below this crucial support could turn the market bearish towards the 3668-handle and 100-day EMA.
Do you think we will break $5k this December?
Bullish Scenario
I think If buyers manage to overcome this severe upward constraint, they could move up to the 5120-barrier. The break above this level would boost buyers' confidence to push towards the 5280 and 5450 handles. If the bulls succeed in overcoming these obstacles, their focus will shift to the resistance zone of the 5800-mark.
On the downside, Ethereum would seek immediate support around the key psychological barrier at 4500 near the 20-day simple moving average if selling pressures return. Should these barriers fail to dismiss a more profound decline from evolving, sellers may drive the price to test the November low at the 3915-mark. Breaking below this crucial support could turn the market bearish towards the 3668-handle and 100-day EMA.
Do you think we will break $5k this December?