Ethereum | FOMC Created Useless Bearish Volume | Bulls Are Back

Ethereum | The FOMC created useless bearish volume | Bulls Are Back Again


Since the news of the merger was released, we have seen ETH build a
very strong bullish accumulation volume.

All the patterns we see on the chart are shown that day by day many
traders are trying to take advantage of this rare opportunity that will affect one of the crypto leaders.

Yesterday morning the price made a small bearish move and decrease the price by -7%
However, as we can see it was a useless movement for the bears to win more price territory.
Strong support was shown for the second time close to the support area of the previous pattern near 1820
a bit lower than 1857 that we had as a zone.

Now the price is showing bullish signs again.
Given that the pattern is still valid, the bullish move should continue.

Price analysis:
Price is actually testing the top of the pattern and I'm waiting
the price should be corrected up to 1852.00 as a maximum.

After that, the price should rise again.

Targets:
🎯 2143
🎯 2285
🎯2400

Thanks and good luck!

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