The theory of an ether price increase will occur when the 3250 resistance line breaks with certainty
Comment:
Since the major news from Ethereum released and EIP 1559 got implemented, ETH has not seen much bullish price action.
However, ETH is still seeing strong bullish price action during this time of relative low volatility . As seen on the chart, ETH is trading in a rising channel , making higher highs and higher lows in the process.
Moves like these are often a signal that something is brewing. Often the price keeps on rising for several weeks before a major push upward.
The major targets for the current bullish move is $3600 and $3800.
Happy trading!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
However, ETH is still seeing strong bullish price action during this time of relative low volatility . As seen on the chart, ETH is trading in a rising channel , making higher highs and higher lows in the process.
Moves like these are often a signal that something is brewing. Often the price keeps on rising for several weeks before a major push upward.
The major targets for the current bullish move is $3600 and $3800.
Happy trading!