ETH is breaking down from its long-term ascending channel. Two scenarios: Scenario A (less likely): Drop into $500โ$800 (Fib 141โ161 sell zone), then bounce. Scenario B (preferred): Hold key support at $1,500โ$1,700 and reverse into a new bull cycle targeting $6,500โ$7,000 (Fib 141โ161 buy zone) by 2032โ2034. ๐ฏ Target: $6.5Kโ$7K ๐ข Key Support: $1.5Kโ$1.7K Bias: Long-term bullish โ expecting support to hold and upside expansion.
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ETH/USDT โ Long-Term (Monthly) ๐ช
ETH is breaking down from its long-term ascending channel. Two scenarios:
Scenario A (less likely):
Drop into $500โ$800 (Fib 141โ161 sell zone), then bounce.
Scenario B (preferred):
Hold key support at $1,500โ$1,700 and reverse into a new bull cycle targeting $6,500โ$7,000 (Fib 141โ161 buy zone) by 2032โ2034.
๐ฏ Target: $6.5Kโ$7K
๐ข Key Support: $1.5Kโ$1.7K
Bias: Long-term bullish โ expecting support to hold and upside expansion.