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ETH Forms Double Top, Prices Could Tank to $500: Crypto Analyst

Published 11/01/2023, 13:55
Updated 11/01/2023, 14:15
ETH Forms Double Top, Prices Could Tank to $500: Crypto Analyst

  • Crypto analyst tweeted that ETH was testing the neckline after forming double tops.
  • ETH moves lethargically in the first half of the week but gains momentum in the latter half.
  • If the bulls push hard, ETH may break the 200-day MA near the neckline.

Crypto Analyst Profit Blue tweeted that Ethereum (ETH) was testing the neckline at $1,337 after forming double tops. ETH formed its first top at approximately $2,000 and the second top at approximately $1,650.

Additionally, the analyst mentioned that ETH could reach new lows and marked $680 as the first support and $500 as the second support wh ...

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