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Evolutiontrading-Indonesia
Aug 18, 2020 5:06 PM

Can ETHEREUM Go to 500 Now? Long

Description

Few days ago, Ethereum had broken the triangle pattern. Theoretically, ETH can go to 490-500 USD now.
However, ETH seemed to hit a resistance and is now going back and forth in the yellow area I drew, and no clear indication yet on where ETH will go.

However, now ETH is hovering above 0.382 fib. As long as this area holds, maybe a little bit below until 0.618, we can still expect a proper bullishness on ETH. The bullish scenario will be confirmed once ETH breaks through the yellow box. Next target is 490-500 USD.

This scenario is invalid if ETH breaks and go lower than the triangle.
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