Price Ethereum has formed a symmetrical triangle on the 1 hour chart. Several hours later, the asset will be close to the top of the triangle, where there is a sharp jump in prices. In what direction? To this question tried to answer in the Platform.
Is it worth buying the Ethereum
Line 100 SMA remains above the 200 SMA, which means the likelihood of penetration resistance is much higher than the probability of falling below support. If the bulls take control of the situation, cryptocurrency will grow by $ 60 — to the upper border of the formation triangle.
If the power sellers will be sufficient, Ethereum could fall to previous support level. At the moment he is located in the heart of the annual minimum.
Technical indicators signal about a small rollback, so if the Bitcoin will fall again, Ethereum will suffer the same fate. Now the price movement of almost any Aldona depends entirely on the fate of the main cryptocurrency.
Investors and traders are eagerly awaiting the decision of the SEC in the case of the first cryptocurrency ETF. Most likely, official information from the financial regulator will be the main catalyst for a new wave of growth/decline. Not recommend you to open large positions and to rely on your luck.
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