Crypto-Magnetism, Ethereum Approaching The Equilibrium-Range

Hello My Dear Cryptocurrency-Family And All Other Traders Investors And Community, welcome to this update-analysis about Ethereum, I made some amazing and interesting discoveries observing the ETHEREUM price chart we have to take a look at it right now, the last day we saw some important signals coming in at other cryptocurrencies, you can watch these when going to my account and look at the charts. For those unfamiliar with the law of supply and demand please read this whole analysis so you have a complete perspective over the situation. Thank you.

So now what do we have here? First of all, we saw some good up-moves coming in the last days and weeks where ETHEREUM approached higher and made almost more than 70 % profit after the bear-trap which I already mentioned in my previous analysis about ETHEREUM. For now, we trading against an important resistance zone it is also the lower boundary of the equilibrium range which you see marked in my chart with the orange range. This level is highly important for ETHEREUM to maintain and develop further because when not we can see a bearish reversal to the downside, firstly touching the upper-trend-line of the falling channel and afterward a possible bear-continuation, this is why that level is so important for Ethereuem to maintain further!

What counters in this overall picture is the law of supply and demand, it is a simple law from economics and it explains the interaction between the sellers of a resource and the buyers for that resource. The theory defines what effect the relationship between the availability of a particular product and the desire (or demand) for that product has on its price. Generally, low supply and high demand increase price and low demand and low supply decrease price. When looking at this amazing fact of the law of supply and demand we can maintain the current situation facing Ethereum, as you can see the equilibrium range fits for normality in price, therefore we are still in the demand-range.

What can we expect from ETHEREUM the next days and weeks? As you can see marked in my chart there is a significant scenario marked with the blue words "If confirmed" which will develop when ETHEREUM establishes to move beyond the important 76.8 % Fibonacci-Resistance Level and also confirm above the orange box, when this will happen we will see an increase in demand and the price will surge like you can see it marked in my chart, the next serious resistance in the structure then is the 61.8 % which marks also the point before the big breakdown happened which brought ETHEREUM more then 50 % downwards. This can be a good place to SHORT, for the current moment I would be careful when shorting ETHEREUM because the possibility is given that we confirm above the scenario.
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In this manner: The Mind of a trader is the most significant tool to succeed in today's markets.

Thanks for watching, have a good weekend ;) Feel free to support for more market-insight.
FAREWELL

Information provided is only educational and should not be used to take action in the markets
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Comment:

ANALYSIS UPDATE: ETHEREUM marked the change within the market as it could increase the bullish potentials above the bear market position grievances.

This switch in market sentiment could chase off a lot of bearish sentiment market traders to mark a major price move along the line.