We are going through a bad period with Ethereum hack news. Speaking of technical developments,
The breakdown of the upward trend and the abandonment of the strongest weekly demand zones—will this leave Ethereum vulnerable?
The demand zone also points to the $1027 price level, which is the target of the double top formation.
For now, in this highly volatile market, Ethereum failing to close the week above $2100 globally suggests it may get cheaper.
The bullish trend signal will come above $3000, which is a strong indication that futures trading will continue cutting and slicing within a $1000 price gap.
An Market Maker that can offer a buying opportunity at $1000 might want to greet the bear season from an expensive zone.
It’s time to maximize caution.
The best investment strategy is to take profits along the way.
