Right now, ETH is in the middle of a triangle that was formed since middle August 2023.
If broken out, ETH may rise to the supply zone (1807).
However, in the bigger picture, ETH had already formed a downtrend with lower highs and lower low forming.
Therefore, it's also possible for ETH to continue going down after touching the supply zone, add the fact that ETH is under 50 EMA.
I project that ETH will have 1368 as the buying zone, assuming there is a bullish signal in lower timeframe
If broken out, ETH may rise to the supply zone (1807).
However, in the bigger picture, ETH had already formed a downtrend with lower highs and lower low forming.
Therefore, it's also possible for ETH to continue going down after touching the supply zone, add the fact that ETH is under 50 EMA.
I project that ETH will have 1368 as the buying zone, assuming there is a bullish signal in lower timeframe