ETH Between Two Trading Scenarios
Ethereum is in correction for the moment.
The bullish dominance is very high as we have seen during all these days.
Given that BTC is already near to a strong zone we can see on ETH both moves.
One is the bullish move because the market can move funds to ETH and push it higher after the pattern breakout.
One is the bearish move which can happen due to any big liquidation on BTC and across all the crypto market.
For both moves is required the breakout to confirm the price direction.
You may find further details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Ethereum is in correction for the moment.
The bullish dominance is very high as we have seen during all these days.
Given that BTC is already near to a strong zone we can see on ETH both moves.
One is the bullish move because the market can move funds to ETH and push it higher after the pattern breakout.
One is the bearish move which can happen due to any big liquidation on BTC and across all the crypto market.
For both moves is required the breakout to confirm the price direction.
You may find further details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
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From a pattern perspective, the price should continue to rise more as expected on the chart.
The pattern is already confirmed and the price should increase more.
The only problem at the moment remains BTC which is testing the top again and any sell in BTC could push the whole market down.
If we only consider the price developments of ETH, it looks good as ETH has room to grow more in its chart.