Ethereum forming a bullish correction in weekly timeframe, and we're in the weekly resistance zone around $1,687 USD-$1,878 USD. Now, it's very important to analyze with some carefully and don't believe that tis track look bullish in the price movement, but EMA lead the trend to bearish. Right now, if we se in the next weeks a bearish rejection, we could to expect a crash in the Ethereum price.
Meanwhile, I found out that in monthly timeframe, we see a possible ABC end correction of this bearish movement, but in case that this analysis being invalided, so, I will continue in this bearish movement in Ethereum
I hope that this idea support you!!!
Meanwhile, I found out that in monthly timeframe, we see a possible ABC end correction of this bearish movement, but in case that this analysis being invalided, so, I will continue in this bearish movement in Ethereum
I hope that this idea support you!!!
