Ethereum |The price may increase after testing $2750 - $2880
Ethereum |The price may increase after testing $2750 - $2880
In this chart, I am looking at Ethereum in two different time frames.
On the daily chart, it looks like the price is making a perfect copy of Bitcoin.
The price is developing an "Ascending Channel" pattern in the form of an ABCDE price correction.
On the daily chart, the price seems to have the power to move up to $2750.
In the 4-hour time frame, if we set Fib. Retracement tool, we will see that the price is actually at 0.618 Fib.
This area between $ 2750 - $ 2880 will be our potential return area that could push the price up again.
Thanks and good luck!
In this chart, I am looking at Ethereum in two different time frames.
On the daily chart, it looks like the price is making a perfect copy of Bitcoin.
The price is developing an "Ascending Channel" pattern in the form of an ABCDE price correction.
On the daily chart, the price seems to have the power to move up to $2750.
In the 4-hour time frame, if we set Fib. Retracement tool, we will see that the price is actually at 0.618 Fib.
This area between $ 2750 - $ 2880 will be our potential return area that could push the price up again.
Thanks and good luck!
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