Looking at ETH in logarithmic scale, we can see that the price is moving in a channel and respecting the Fibonacci levels.
I can also see there is some price compression happening which would indicate a breakout. If BTC doesn't experience any unusual fall, we should see an impulse price movement. I will consider trading ETH if in breaks and shows confirmation of breakout.
Please be cautious about your money and apply correct Risk/Reward strategy that works for you.
If it's your money, it's your responsibility to protect it.
I can also see there is some price compression happening which would indicate a breakout. If BTC doesn't experience any unusual fall, we should see an impulse price movement. I will consider trading ETH if in breaks and shows confirmation of breakout.
Please be cautious about your money and apply correct Risk/Reward strategy that works for you.
If it's your money, it's your responsibility to protect it.
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Looks like ETH is trying to break the resistance.Always remember to wait for confirmation
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