Trader Who Nailed 2022 Bitcoin Bottom Says Ethereum Looks Massively Bearish, Outlines ETH’s Path to Bullish Trend
An entrepreneur and analyst who accurately predicted the bottom of Bitcoin (BTC) in November of 2022 warned that Ethereum (ETH) was looking for a bearish generally on the weekly chart.
In a new video, the entrepreneur Pseudonymous known as Donalt Says 66,200 TechnicalRoundup channel subscribers of the YouTube channel that ETH needs to get the $ 2,000 level in support to start searching for bullish again.
“The ETH chart, we just broke a bunch, and it had to get a little back to look bullish. So now, it's still a bit aggressive, but we have a good week. Reclaim $ 2,000 and we can start talking about the major trend shifts we haven't had for a long time.”
Donalt also said the ETH had to hold two basic levels in support of the sun -day chart to maintain life opportunities for a bullish reversal.
“What never disappears will usually go down here [at ~$1,670]. Like you don't want to see anything near the bottom here and you don't want to see any move below the impulse move [at ~$1,540]. “
ETH trades $ 1,764 at the time of writing, down 2.2% in the last 24 hours.
Looking at Bitcoin, the analyst said that if the BTC could hold $ 90,000 in support of the weekly chart, it would likely confirm a bullish trend.
“Below here [$89,000]Very scary. Close above $ 90,000 [on the weekly]Early signal that the trend is back to bullish again. “
Bitcoin trades $ 93,506 at the time of writing, flat in the sun.
https://www.youtube.com/watch?v=ACVJR5D-JTC
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