BINANCE:ETHUSDT is moving good, the possible target price is a little higher then 2000 USDT. It is the upper border of the downtrend channel.
As you see (zoom out the chart) generally BINANCE:ETHUSDT is within the uptrend channel in weekly TF and the price currently bouncing from middle border.
Not a financial advice, for the study purpose.
As in the case with bitcoin the asset is likely to be distributed now. I don't know how long the distribution will last but I am sure that the price will move down to gather the bulls.
A possible situation with a breakout upwards with short positions liquidation and further movement downwards.
In order to continue to grow, it's vital that we make the asset lighter
Globally ETH still has the possibility of updating the ATH but without a preliminary correction it seems barely possible for me. We can see a huge amount of liquidity from below up to the 2500 level without areas of imbalance though. Positive funding is also the reason for my bearish attitude, a large number of long positions never allow you to grow further.
I...
In recent days, the price of Ethereum continues to be under pressure from the Bears, moving in the price range of $1560-$1750. We expect that in the coming hours, the accumulative phase of Buterin’s brainchild will end, and then the upward movement will begin within the last subwave (5).
When Ethereum reaches a strong resistance zone in the $1732-$1738 range, a...
These Blue lines are important to see how the graph react after touching these lines. If it hit and break these lines we see 1200 otherwise market will return to 2000
Hello everyone...!
According to my analysis, I can see two possible ETH price paths. X and Y. If ETH Price breaks line A, it will follow path X else it goes on Path Y. All over there is no bull run before mid of 2022. Considering all market and social conditions, the most possible path is Y.
ETHUSDT let talk about ETH, price is moving in HH and HL formation and bounced from strong support. The trendline also reacts as support from quite sometime. So we are sensing that bulls will see this as an opportunity and they can trigger a positive momentum towards 4500 followed by 4700. Good Luck!
