Overview of the situation on Ethereum in the medium term

Apr 24, 2020

At the moment, the bearish wedge pattern is being formed on the 4-hour and 1-day timeframes (marked on the chart). I expect that the bears will be able to keep the price below the resistance level of 193.40-203.20$ and the correction will continue. I will look for an entry to the short based on what I have said, but it is also worth taking into account the local situation.

May 14, 2020

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