Like some other coins from yesterday's review, Ethereum has formed a growth channel and has been moving inside it for more than 10 days. After breaking the downtrend on Friday, April 12, the price moved into the upper register of the channel, which gives the asset points for investor interest. Due to the width of the channel, a significant safety margin has been formed in case of unpredictable behavior by Bitcoin, which is still pointing the way for other cryptocurrencies.
The immediate growth target for Ethereum is the level of $570, also being a serious trial for bulls. Today, the probability of reaching this milestone is quite slight- to begin with, there needs to be some mass at the lateral trading level of $500-$530. In case of negative developments, a correction to the mirror level of $480 is possible. The minimum permissible price that will not threaten further growth is $460, but the probability of going down to such a low value is extremely small at the moment.
Check the full crypto analysis HERE
The immediate growth target for Ethereum is the level of $570, also being a serious trial for bulls. Today, the probability of reaching this milestone is quite slight- to begin with, there needs to be some mass at the lateral trading level of $500-$530. In case of negative developments, a correction to the mirror level of $480 is possible. The minimum permissible price that will not threaten further growth is $460, but the probability of going down to such a low value is extremely small at the moment.
Check the full crypto analysis HERE
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