Ethereum / Tether
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Eth Possible Movement

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Hello dear traders,

Today we will chek the price of Eth based on trends. Eth has moved in a Megaphone Pattern since 21 November 22. Eth has touched 5 times to Megaphone's supportline. So we can say this megaphone has a strong support level. Eth touched the line last time in 15 June 23. First of all we have to understand that Eth moves on a bullish way. Now you have to look 30 March. We have a green boxes here which is same with the box which is right. İn the left one, Eth waited for 15 bars. We've had a 15% rise since our last low. I think this 15% rise is the beginning of the 54% rise in the previous bullish wave. However, Eth which gained 54% value last time, will gain at least 45% or more. But now we're in the green box. Likke last time on the rise, I think Eth will rise after this box. My belief that we should finish this box comes from the market need to calm down due to overbought. Range is 1815-1915. If the moves stay within this range, we have strong evidence to expect bullishness. My guess is that the 2300 levels will come before the end of July.

This is my first post on Ideas. I hope I'll learn better here and I'll show you better.

Have a nice week.

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