Hello Traders and Investors,
The year is starting off good for crypto. ETHUSD is showing some pretty nice signs of continuing higher. However, there is a strong resistance level around 1700-1730. We will need to see ETH break that resistance with minimal effort for us to be in a potential bull market.
I do not think we will see a bull market. In fact, I do think the price will continue to go up in the short term. But it will result in a steep correction after the climb.
This is my current outlook on Eth.
I want to know what your thoughts are. You can share them down below.
Thank you
The year is starting off good for crypto. ETHUSD is showing some pretty nice signs of continuing higher. However, there is a strong resistance level around 1700-1730. We will need to see ETH break that resistance with minimal effort for us to be in a potential bull market.
I do not think we will see a bull market. In fact, I do think the price will continue to go up in the short term. But it will result in a steep correction after the climb.
This is my current outlook on Eth.
I want to know what your thoughts are. You can share them down below.
Thank you
Trade active:
Eth broke out of the channel it is in. The second wave (yellow arrow) should be completed next at $1759. This move can set ETH even higher to $2400.