The expected scenario: Ethereum witnessed sharp declines during Thursday's trading, in front of Bitcoin, affected by the collective declines in the digital currency market, to reach the levels of 0.02095, which constitute support levels represented by the bullish trend line, in the long run Average, to actually see a bounce from those levels, and offset some of today's losses, so we are expected to see more bounces in the short and medium term, especially in light of price cohesion above the moving averages (200 - 100), and can be positioned in long positions, with price stability. Top 0.02400 levels, targeting 0.03170 levels, Then the 0.03555.
As for the alternative scenario: In the case of continuing declines witnessed by Ethereum, while Bitcoin is today, and the support of 0.02090 has been broken, we will witness a negative change in the general bullish trend, with more declines in the short term, to target the levels of 0.01800 Then the 0.01700, and the downside scenario remains unlikely at the present time, and the positive outlook is the strongest.
Expected general trend: bullish
Expected traffic range: 0.02275 to 0.02790
