So far ETH has traded overall bearish with lows and high both trading lower and lower.
However, ETH has found considerable support in the 1700=1500 range. simultaneously a bearish trend has formed with 3 confirmations.
With an intersection imminent we need to see a few things in order to for a break out to occur and drive price upward.
1. The 1700-1500 support zone must hold. 2. price must breakout of the bear trend line somewhere around 1875-1950 mark. 3. price must break 2000-2200 resistance to suggest bulls are in control.
Either way, this will all take place rather quickly as the bear trend is starting to pinch the support.
Best of luck Like/Follow for more.
However, ETH has found considerable support in the 1700=1500 range. simultaneously a bearish trend has formed with 3 confirmations.
With an intersection imminent we need to see a few things in order to for a break out to occur and drive price upward.
1. The 1700-1500 support zone must hold. 2. price must breakout of the bear trend line somewhere around 1875-1950 mark. 3. price must break 2000-2200 resistance to suggest bulls are in control.
Either way, this will all take place rather quickly as the bear trend is starting to pinch the support.
Best of luck Like/Follow for more.