ETH ANALYSIS
If btc shows negative bias , ETH/USDT will perform accordingly.
According to some technical reasons which we observed there chances that ETH/USDT may settle around 2000>1940>1900 range.
1. Due to negetive RSI and price action divergence in weekly chart.
2. As it's been 4 weeks since ether has been bullish so a retracement upto 0.38-0.50 Fibonacci may take place which is between $2000-1950.
3. In daily timeframe there are high chances of making double bottom around given targets zone.
So don't panic and buy at those precious dips.
According to some technical reasons which we observed there chances that ETH/USDT may settle around 2000>1940>1900 range.
1. Due to negetive RSI and price action divergence in weekly chart.
2. As it's been 4 weeks since ether has been bullish so a retracement upto 0.38-0.50 Fibonacci may take place which is between $2000-1950.
3. In daily timeframe there are high chances of making double bottom around given targets zone.
So don't panic and buy at those precious dips.
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