Ethereum Market Breakdown - July 31st, 2020
As always please do your own research, I am not a financial advisor.
- Update from previous ETH analysis and looking at the 12H chart here, we see a parabolic leg up all the way to new highs since summer 2019.
- So far this past week, the price of Ethereum and Bitcoin as well as a majority of the rest of the major cryptos have started to pop off
- The red zone marked on the chart is a 'sell zone' which basically means it's resistance for 2019 highs.
- This is a 12h chart by the way so don't expect the very next candle to hit $369, but that's the next target in mind
- If the price continues to follow BTC and they both continue rising in price, more specifically if Bitcoin keeps on rising then Ethereum is going to touch $369
As always please do your own research, I am not a financial advisor.
