Price for ETHUSD is currently moving a very upward channel and seem like it has reached the top of the channel. price could move in a small range for awhile before the drop to the bottom of the channel
This is my first time commenting on an analysis since I got an account. Your graph matches with a lot of technicals. Good job. You deserve my first comment!
Outlook: Expecting ETHEREUM to recapture its $637.90 high and beyond. Breaking above $595.50 is the next upside objective for the bulls. (Fist a Bullish Evidence)
Analysis: The break above $637.90 signals the second wave consolidation is complete, and the move puts ETHEREUM back on track to challenge the next upside hurdle. The bulls are in control while $480 - Wave ii - stays intact as support.
Bottom Line: A third wave rally is in its early stages. Subdividing higher within wave iii of (iii)
Note: Prices can vary between ETHEREUM exchanges. Consequently, there may be differences in our chart prices due to different data sets. Our analysis is for information only. We recommend that people avoid trading on unproven exchanges vulnerable to hacking and theft.