ETHUSD Idea
G'day, The Next Crypto Millionaire
Today I am gonna analyse ETHUSD (Ethereum).
Based on current market conditions, its clearly showing that an uptrend rally formed after completing the correction market structure. The yellow box I personally, considered as a Critical zone for market direction confirmations, either price actions direction will be fulfilled.
For now, I am expecting price heading for swap zone/supply zone before big traders conducting profit-taking. This is normally happening for day traders taking profit on every position, pushing the price for consolidations structure before continuing rally by targeting previous high.
From a fundamental perspective, I am expecting ETHUSD to reach the 55000/ETH price tag. This prediction is based on upcoming ETH 2.0 blockchains implementations to reduce the transaction fee which is also known as Gas Fee / Network Fee. Which is currently, too expensive for traders specially Staker Investor.
Let's see what gonna happens next. Stay Tune...
Today I am gonna analyse ETHUSD (Ethereum).
Based on current market conditions, its clearly showing that an uptrend rally formed after completing the correction market structure. The yellow box I personally, considered as a Critical zone for market direction confirmations, either price actions direction will be fulfilled.
For now, I am expecting price heading for swap zone/supply zone before big traders conducting profit-taking. This is normally happening for day traders taking profit on every position, pushing the price for consolidations structure before continuing rally by targeting previous high.
From a fundamental perspective, I am expecting ETHUSD to reach the 55000/ETH price tag. This prediction is based on upcoming ETH 2.0 blockchains implementations to reduce the transaction fee which is also known as Gas Fee / Network Fee. Which is currently, too expensive for traders specially Staker Investor.
Let's see what gonna happens next. Stay Tune...
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