For how long bears will have the upper hand in this pair?

Dear bulls and bears,

I have good and bad news for both of you about the ETHEUR pair.

This idea is self-explanatory.

We have a bearish trend in this pair and the 4d-50MA is crossed down. This is a key indication that ETH does not bottomed yet.

So, ETH will retest both the 4d-100MA as well as the 2350 (or even 2050) support zones.

If ETH will overcome the bearish trendline and retest one of this support zones twice. I will try to find long positions.

Until then, share your opinion about this idea in the comments section and let me know if you agree or disagree with it.

Peace!


P.S. Ignore please the red horizontal line on 2866.