HELLO dear Treaders :
After a very long time, ETH has reached the declining trend line that you can see in the chart and looks strongly bullish.
Since Nov 2021, when the bear market began and the price of bitcoin and others alt-coins started to drop from their all-time high, ETH price has hit this trend line, twice (as you can see in chart).
The first time, the price hit the decreasing trend line was at USD 3570, in Apr 2022 and the second time happened today at USD 1700.
In my opinion, ETH can reach higher prices after this bear market and in my point of view, there is a great opportunity to buy ETH at USD 1700 in spot (You can consider this buy position for your future trading but do not over leverage your positon!)
In daily time frame, ETH can break USD 1700 and start a new bull run.
The first ETH strong resistance line is around 2630/2650 and therefor until we reach that price point, do not over leverage your positions and be careful about future trading.
After a very long time, ETH has reached the declining trend line that you can see in the chart and looks strongly bullish.
Since Nov 2021, when the bear market began and the price of bitcoin and others alt-coins started to drop from their all-time high, ETH price has hit this trend line, twice (as you can see in chart).
The first time, the price hit the decreasing trend line was at USD 3570, in Apr 2022 and the second time happened today at USD 1700.
In my opinion, ETH can reach higher prices after this bear market and in my point of view, there is a great opportunity to buy ETH at USD 1700 in spot (You can consider this buy position for your future trading but do not over leverage your positon!)
In daily time frame, ETH can break USD 1700 and start a new bull run.
The first ETH strong resistance line is around 2630/2650 and therefor until we reach that price point, do not over leverage your positions and be careful about future trading.