First at all I have to warn you. Be patient and trade with caution.
Look at 4h chart. In last analysis I showed you symmetric ellipse. In this analysis we can see what happens behind the ellipse.
1. ellipse - behind 1. ellipse price goes up, touched trend line but dont across it, then price was 580USD. 2. ellipse - almost same start like 1. but not in this scale
The Ethereum price must be stabilized. I suppose it will oscillate between 832 - 972 USD.
We can assume that the situation will again be symmetrical. This means that the price goes down. However, when we look at Bitcoin's situation, we see that this probability is very small.
Comment, like, if you agree. Thank you and have a good day!
評論
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Getting closer to 832 USD. We are waiting for what will be done at this border (832).
I think ETH/USD will climb once BTC/USD slows down, around ~1000 USD then break down to your projected levels IF it doesnt break the downtrend line. BTC has just barely broke downtrend line, not decisively though so if it goes back under, ETH will rally, then maybe both fall together to retest lows.