ETHEREUM | 1070 Price Area Again Proved To Be Very Strong

ETHEREUM | 1070 Price Area Again Proved To Be Very Strong

After the price was tested for the second time, the price zone is located near 1070 we saw a very rapid volume increase.

The price increased by about +8.5% during the last 24 hours.

This indicates that large BUY Orders are positioned near 1070

Our pattern is still valid as long as it is a daily pattern and can continue to develop.

We'll just have to wait and see if the FTX rumors will settle down soon.

After that, the market should recover again.

Thanks and good luck!

Comment:

Only a small pullback is expected on this pattern. The price can continue to rise again during the coming week.