Everyone probably already knows and expects a big update on Ethereum. Tomorrow there will be a hard fork - London. On this news, I'm sure many have bought and are expecting a rise, but we shouldn't rush, now let's understand why there is no need to rush to buy.
From a technical analysis perspective, Ethereum has broken the trend line and disrupted the uptrend...
Based on wave structure, we are probably in a diametrical formation (Neowave). once we finish the pullback to the $2424 level, it can start a new rally. I've shown what I'm expecting from the price action using arrows.
ETH is bouncing from the support zone. ETH BTC pair is showing strength because of the London hard fork event. ETH need to hold this support zone otherwise we see $2200 - $2250 retest.
We may see a bounce from the support zone towards the $2600 resistance.
Después de alcanzar el target hubo un rechazo natural, podría mantenerse lateral en esa zona de $2,5k - $2,7k o seguir cayendo junto con #Bitcoin hacia la zona clave, incluso podría caer a zona de dip de mediano-largo para operaciones swing
As you can see, We have 2 main areas on this chart! The resistance around 2900 and the support area around 2340-2280
Based on the structure that has been shaped clearly (W), we can expect more highs but if the price loses the support area, I suppose more dip to the level 1200
Always check the USDT.D Index to make a better decision!
Ethereum has printed a Golden cross and done a nice move up. Currently it retested the 50 day moving average as support and it sprung up like it touched a hot plate, showing good signs of support.
If we look above this area we can see resistance levels starting at $2,850 and rising up to the all important psychological level of $3K.
Ethereum will continue its...