The ETHUSDT price has begun its correction, along with the entire crypto market. But in fact, it has held up better than the BTCUSDT price, and has not yet updated the lows of late January.
By the way, at the beginning of the week, we published a fractal on the BTCUSDT chart, and it is working out quite well.
Now the whole world is waiting for February 14: couples in love to celebrate Valentine's Day, and traders in financial assets to wait for the US CPI to be released.
If the inflation rate is lower than expected, it is very likely that the growth trend will continue.
If the inflation rate is equal to or higher than forecast, financial markets and especially cryptocurrencies will continue to correct downward.
For the ETH price, the ideal correction for continued growth is in the range of $1400-1420 Critical correction to $1340, below that, there could be trouble.
What are your expectations for the further movement of the ETHUSD price? Write in the comments
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