Market analysis
The perfect time for the rally❓
- Yello, ladies and gentlemen😎!
💎Ethereum long-term trend remains bullish as the price continues to trade within the ascending channel. We already shared two scenarios of a pullback, and several days ago ETH tested the expected support at 61.8% Fibs.
💎While testing the $2700 demand area, ETH also approached the bottom of the channel. We already see 4 days of an uptrend, which certainly can be the beginning of a larger wave up.
💎As long as the daily closing price remains above the $2700, ETH will be moving higher. There are two resistance to watch in the coming days, one near $3500, another near $4000.
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Crypto trading involves substantial risk and is not suitable for everyone. Nothing here is financial advice; it is education only. Never risk more than you can afford to lose.
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