Ethereum price is hovering in a treacherous territory and could lead to a massive correction soon.
A breakdown of the $4,346 to $4,499 demand zone will confirm the start of a downtrend.
ETH could revisit $4,000 and in dire cases, retest the $3,300 levels.
I have noticed this thing many times. When a stock moves upwards in continuous channel trading, After some time a huge move comes out of the channel. You can see two examples of this.Today on the charts of Timken India and MAx Healthcare also.
ETD/USD has been following a parallel channel for a couple of months.
Ethereum has been following a rise and fall pattern while being in a parallel channel and following the channel.
Keeping in mind the current crypto rush we can expect Ethereum to follow the same channel unless there is a breakout from the resistance zone or a sell-off from the support zone.
Ethereum price is on a steep downtrend after the July 21 exponential run-up ended on September 3. However, this correction seems to have been a blessing in disguise as it foreshadows the start of a new bull rally.
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting lows of $59,930 on Bitstamp, down another 6% on the day.A rebound took the pair back above the $60,000 mark, but caution remained the name of the game as the week saw the price slide below $61,000."Was watching that $64K zone as a crucial level to break and the market has failed, so a...
It looks like Ethereum is clearly forming a descending triangle on the 4h.
The technical target is at around $4450, this is in confluence with the .618 trend based fib extension (so hopefully setting a new ATH and not a scammy one such as last week).
The RSI indicates that there is space for more upside potential
I think that we still can see some volatility...
ETHEREUM believe me I haven't seen such a chart in 3-4 months .
it is going up just trust me .and you ll make money.
or just look at the chart and fall in love with it.
first time not giving a stop loss .
