Ethereum(ETH) has suffered about 94+% correction(drop) since the all the time high-level point($1425) reached in January’18.
One key point to note that its following similar trend/pattern to Bitcoin of upward and downward movement in the market.
Let's analyze price action for Ethereum (ETH/USD) over the long term and proceed to highlight any...
We are doing Analysis of ETHBTC on 6 hours Timeframe .
With the Help of trend line , I have made trend line
Support and Resistance Levels
I have Mention Support and resistance levels on Chart
Note: This is only for Educational Purpose this is not an Investment advice.
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Long position is set in Eth/UsD as first runner i.e. Btc is on same route and Volume is a big support in all crypto right now, with easily recognisable trend reversal pattern, but with not a new high expectation, just a decent rise before a big hit.
The instrument is in a consolidation phase with a bullish bias. The price action shows that it is pulling at the ropes to push through higher but it has been held back by the bearish phase in the cryptos. On the technical side, a break through the $1160 region should lead the prices higher into the $1240 region which should act as the next region of...