According to KOL Justin Bennett, ETH needs to reach this level again in order to continue its long-term upward trend
Prominent analyst Justin Bennett outlines a critical level at which ETH must be restored to resume its uptrend.
In one Video The other day Bennett said that he wants to accumulate ETH around the $ 3,000 and $ 2,800 levels.
“As long as the ETH is below $ 4,000, you should be a little careful. If we see Etheruem tracing that price zone back on a weekly and monthly closing basis in the coming weeks and months, then yes, I think it will continue the trend we saw in 2021. “
Weekly ETH / USDT Chart | Source: TradingView / Justin Bennett
The analyst also looks at his bitcoin pair (ETH / BTC). Bennett says ETH / BTC is now retesting the triangle it previously broke out of, offering a similar scenario to 2017-2020, but with a smaller pattern.
The crypto analyst says ETH / BTC may be ready to start a long-term rally to 0.18 BTC ($ 7,388) if it manages to hold 0.075 BTC ($ 3,077).
“In the long term, I predict the pair will rally into the 0.18 BTC region. The view becomes invalid if it drops below 0.075. So I would like to see the bulls keep the pair above this price zone. “
Weekly ETH / BTC chart | Source: TradingView / Justin Bennett
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According to KOL Justin Bennett, ETH needs to reach this level again in order to continue its long-term upward trend
Prominent analyst Justin Bennett outlines a critical level at which ETH must be restored to resume its uptrend.
In one Video The other day Bennett said that he wants to accumulate ETH around the $ 3,000 and $ 2,800 levels.
“As long as the ETH is below $ 4,000, you should be a little careful. If we see Etheruem tracing that price zone back on a weekly and monthly closing basis in the coming weeks and months, then yes, I think it will continue the trend we saw in 2021. “
Weekly ETH / USDT Chart | Source: TradingView / Justin Bennett
The analyst also looks at his bitcoin pair (ETH / BTC). Bennett says ETH / BTC is now retesting the triangle it previously broke out of, offering a similar scenario to 2017-2020, but with a smaller pattern.
The crypto analyst says ETH / BTC may be ready to start a long-term rally to 0.18 BTC ($ 7,388) if it manages to hold 0.075 BTC ($ 3,077).
“In the long term, I predict the pair will rally into the 0.18 BTC region. The view becomes invalid if it drops below 0.075. So I would like to see the bulls keep the pair above this price zone. “
Weekly ETH / BTC chart | Source: TradingView / Justin Bennett
Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews
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