Volumes - if we look at the Binance chart, the place where ETH is most traded - is showing a climax bottom
If a market arrives on a new low while volumes reach a new high, then this hollow has good chances of being retested , or even overrun. A climax bottom is almost everytime retested upon low volumes, offering an excellent buy opportunity.
Also, we can see this kind of pattern happening before, creating an upwards curve before the storm.
- On the weekly, is extremely .
There is a lot of room for price to make up from its losses. If it can keep its price around 35000 Satoshis it will be a sign of an upcoming uptrend towards the 50 days moving average which is at 45k satoshis or even higher.
But what is also going to bring the price higher is CBOE Launching contract in the upcoming months, a recent News that could bring new players into the game.
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