Hello Traders
Base on my previous analysis on yesterday ETH need to break the resistant of 3444 and 3488 to continuing to uptrend and reaching next stop at 3560 and 3655,and we can say we may not see the next correction to 3100 or 3000 for now.
from other perspective if cant manage to breakout upward we will expecting to retest the support of 3100 to 3000 and there we may have another correction to lower price line after midweek,.
(3100 is the midline of the descending channel that ETH broke it out Yesterday)
Indicators are showing the buy signal at the moment and price since yesterday rise up 2.6% to 3411at the time of writing the article.
please support with like and comment if you found this analysis helpful.
Always enter the market with strategy and confidence.
Happy Trading
Base on my previous analysis on yesterday ETH need to break the resistant of 3444 and 3488 to continuing to uptrend and reaching next stop at 3560 and 3655,and we can say we may not see the next correction to 3100 or 3000 for now.
from other perspective if cant manage to breakout upward we will expecting to retest the support of 3100 to 3000 and there we may have another correction to lower price line after midweek,.
(3100 is the midline of the descending channel that ETH broke it out Yesterday)
Indicators are showing the buy signal at the moment and price since yesterday rise up 2.6% to 3411at the time of writing the article.
please support with like and comment if you found this analysis helpful.
Always enter the market with strategy and confidence.
Happy Trading
