Deep Neural AI recognized Falling Channel. Falling Channel is a bullish pattern. See the parallel trendlines on the chart! Now, our fuzzy botnet thinks breakout. Its Target Price is in the white box.
Our News Monitor reported: ERC20 network burned a significant amount of Ethereum. ETH became a deflationary asset. Monitor also observed the whales. Inflation-Hedge is their main reason. So, we think ETH will try a moonshot. Extreme volumes add to this idea. RSI has risen to the bullish side.
What about the bearish scenario? Linear Regression module suggests: The cyan zone provides support.
🚀 So, we think you can long Ethereum. Keep your liquidation level below the cyan zone.