Similar to Bitcoin the monthly logarythmic chart of Ethereum speaks a clear language. We're on the way to the upper channel resistance. Depending on when we'll reach the target area prices from 23k to 30k are possible.
it looks like much pressure downwards for Eth bulls is it a correction for buying options or a bearish trend?
aaron-618trading
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@nicksideris38, the centre line is a strong resistance, a pullback was anticipated. In my opinion a good opportunity to load up. BTC can go down to the centre line of the channel around 40k and ETH will follow, so be prepared. I will buy if ETH goes down to 1.1k. Not financial advice.
TejasBhavsar
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