Finally September came to an end and along with it the bearishness. Despite all the FUDs, the noise, the regulatory crackdowns and the ban from CHINA, it seems that crypto is still here and kicking. Like it was mentioned in the previous BTC update, there were gonna be the washouts before the inevitable moontimes and we all are familiar with how ETH reacts to BTC's price movement. If BTC makes a new ATH so does ETH (sooner or later).
For now we can see, ETH trying to break out of the multi-tested downtrend line and it is almost at the verge of smashing it. The Triple Bottom Formation doing it's magic as price repeatedly took support near $2.7k zone as the BULLS played extremely strong hands there.
Ofcourse, some manipulated wicks to the downside shouldn't be a surprise but once it precedes these resistance levels ($3.3k -> $3.4k -> $3.6k -> $4k), the Previous ATH will break and the road to NEW ATH, the unchartered territory will likely take place and possibly by the end of Q4 we can witness ETH approaching near $10k price as this quarter will put out some massive parabolic prices for not only ETH but many other cryptos.
Feel free to share your thoughts on the comment section and don't forget to DYOR.
For now we can see, ETH trying to break out of the multi-tested downtrend line and it is almost at the verge of smashing it. The Triple Bottom Formation doing it's magic as price repeatedly took support near $2.7k zone as the BULLS played extremely strong hands there.
Ofcourse, some manipulated wicks to the downside shouldn't be a surprise but once it precedes these resistance levels ($3.3k -> $3.4k -> $3.6k -> $4k), the Previous ATH will break and the road to NEW ATH, the unchartered territory will likely take place and possibly by the end of Q4 we can witness ETH approaching near $10k price as this quarter will put out some massive parabolic prices for not only ETH but many other cryptos.
Feel free to share your thoughts on the comment section and don't forget to DYOR.
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Target 1,2 & 3 chased 2 days ago.
