$ETH Price Prediction 1/31/2024
A tight race between bulls and bears to trigger the start of February momentum.
Price is now held between short/long-term EMAs with a much needed flip at 200 for divergence.
However if rejected again we could also form into a wider-scaled double-bottom.
This would more than likely prevent us from reaching the mid-month crossover goal at 2750.
Keep in mind that the longer we consolidate within pattern the less of a chance we have for a successful breakout.
On the other hand remember that there aren't many indicated pricelines between 2380-3000 (3050) leading to the assumption of a higher-volatility range.
tradingview.com/chart/gDBkksfy/
Price is now held between short/long-term EMAs with a much needed flip at 200 for divergence.
However if rejected again we could also form into a wider-scaled double-bottom.
This would more than likely prevent us from reaching the mid-month crossover goal at 2750.
Keep in mind that the longer we consolidate within pattern the less of a chance we have for a successful breakout.
On the other hand remember that there aren't many indicated pricelines between 2380-3000 (3050) leading to the assumption of a higher-volatility range.
tradingview.com/chart/gDBkksfy/
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