Here comes the move that everyone has been waiting for, the reason behind is today's BTC pump, which triggered the bullishness. Now, we know the official date for ETH's London upgrade is 4th August (just 9 Days away ) but the price has started the rally since 21st July with all green candles.
If we look at the chart, we can see the BIG W Formation (Double-Bottom) with the price currently at the neckline. The breakout from here can unquestionably take the price to further upper levels. The mentioned levels in the chart (in green) are fibonaaci levels which can act as important resistance points to look out for. Overall, the price-action looks pretty bullish, still and all BTC can ruin the party if it gets rejected from current levels which can lead the downward price movement for ETH too (red arrow)
For reference :-
Whatever be the reason don't forget to DYOR as it never hurts to be extra cautious. Good-luck !
CryptoCuriousOfficial 📥
Trade active
⋅
It has broken the resistance at the neckline.
Comment
⋅
Broke out of the Resistance Zone, now a pullback comes.
Comment
⋅
After a minor pullback the price broke past target 1. Now moving towards target 2