ETH | A Bullish Perspective

ETH | A Bullish Perspective

Ethereum has more than one week that it is moving within a narrow price zone.

It is showing that the market is not ready to move neither up nor down without
any strong reason.

So far the crypto market is not showing any problem and I think that it will move only
related with the U.S data and this time the only big event is the U.S debt ceiling.

Technical Analysis;
Price is developing a large bullish pattern for the time being.

We can see that the price is above a strong support zone which is holding the price 1700.

We may see any bullish movement during the coming weeks if 1700 support zone will hold.

Thank you and Good Luck!

Comment:

ETH: Price is not moving at all.
It is moving in a narrow price zone for 10 day now between 1787 - 1832