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Mihai_Iacob
Mar 26, 2023 3:50 AM

Ethereum- Break of rectangle for direction 

Ethereum / U.S. dollarBitstamp

Description

For almost two weeks now, Ethereum is consolidating its gains in a rectangle.
Rectangles are usually continuous patterns and, considering the medium-term trend is up, we can expect the price to rise above 2k after the break.
However, Bitcoin seems to prepare for a correction, and in such an instance Eth could drop also. In this bearish scenario, with a break under 1700 zone support, traders should look for selling opportunities with a target at 1500 zone support
Comments
AlkalineFX
Thanks for sharing bud
KABHI_FOREX_TRADING
Perfect analysis..nice work
similarTuna31284
Morning stars on weekly are bullish indicators and the daily shows one as well
Evolutiontrading-Indonesia
Thanks for sharing!

I personally think it will depend on BTC. If BTC continue to at least sideways/ranging, ETH can go up to 2100-2200
Setupsfx_
Spot on view thanks for sharing
vf_investment
nice idea
Babenski
Nice i agree
basictradingtv
supportive as always, thanks!
LegionQ8
So far, so good brother !
WalterMoon
Quality Post, Thank you brother for showing us this details, I didn't saw it earlier
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