Technical analysis by Anikeev_Pavel about Symbol ETH on 6/9/2024

Despite the market downturn, ETH's price remains above the crucial mirror support zone at $3,650, still leaving room for growth and a potential new ATH. ❗️However, a likely scenario before the ETH-ETF launch is a corrective dip, allowing big players (funds) to buy at better prices. 📉 Therefore, a decline to the $3,400 - $3,200 range is entirely possible. This is where the Fibonacci correction zone and the 100-200 MA on the 8-hour timeframe are located. Remember: The bearish scenario will only play out if the current support is broken.