#Ethereum- Relief rally probable next
Not even a month ago (in fact 3 weeks) I said that 2k should provide strong resistance for EthUsd and traders should sell rallies in that zone. Since then Eth has dropped hard, losing almost 50% of its value, which is a lot even for the crypto market.
On Tuesday EthUsd dropped towards 1k and reversed and, again, yesterday it had a new attempt to drop under 1k and failed, leaving a long-tailed bullish Pin Bar on our chart.
This sequence of reversals from around 1k gives me the idea that bulls are strong here and a reversal could follow soon.
My strategy is to buy dips against 1k and as for target, around 1.5 can be a good idea.
