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![nology3000 Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1252392877776424960.png) Nology [@nology3000](/creator/twitter/nology3000) on x 8069 followers
Created: 2025-01-08 15:58:50 UTC

#Ethereum 

That's some nasty EMA's. Similar to $BTV I can see a relief bounce to the $3.5K area.  It doesn't have to hit, which is why I'm staying out now.  

I'm out of my lesser degree X long btw. 

There's a much more optimistic argument here for the shape of the correction but I'm not inclined towards it at this point.  

I want to see $ETH maintain $2.7K max for this correction.  I'll have a sizeable position at that level and become max long. 

If the more optimistic correction comes to play, you'll be sure to find out.

![](https://pbs.twimg.com/media/GgyErRkaEAAFK3t.png)

XXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1877022156338729377/c:line.svg)

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[Post Link](https://x.com/nology3000/status/1877022156338729377)