$ETH Price Prediction 05/07/2022
Ethereum / U.S. dollar BITSTAMP:ETHUSD
Price holding in to create a bit of sideways action as we move towards the lower short-term support (blue).
A rejection could align us with yesterday’s outlined scenario, readjusted per recent PA.
We could make a push here towards the lower short-term resistance (yellow) but it’d likely just be a short-term recovery as we’re still positioned under the long-term zone.
In reference to past posts I do consider this as an overall bearish cycle now and plan to trade accordingly.
I’ll be looking to sell some alt bags if we do get this short-term push. Remember this is not financial advice.
