Ethereum finds itself at a very interesting place right now. Confluence between the ascending triangle diagonal, and the 0.5 fib. A rebound from here could continue the triangle pattern, and give us hope for a reversal by the end of this week.
This is a key level for investors who currently have a short open. Keep your eyes on the chart and look for confirmation of downtrend confirmation, or rebound to the triangle resistance.
A failure at this level could take us to the 1K support area.
This is a key level for investors who currently have a short open. Keep your eyes on the chart and look for confirmation of downtrend confirmation, or rebound to the triangle resistance.
A failure at this level could take us to the 1K support area.