ETH Ready to break up? or break down..

18 déc. 2021

The date is 2021-12-17 18:30 UTC. ETH is struggling to keep the 4000 level, and is close to completing a descending triangle. While there is still a chance to continue the general uptrend we may see downward action to support levels of 3702, 2735, and possibly 1725. The huge runup we had over the last 16 months has had a huge range. In that time there have been a number of new technologies on the blockchain. Liquidity pools, NFTs, and defi games are real uses for crypto that are bringing more industries into the cryptoverse. This coupled with the upcoming ETH upgrades to address gas fees and scalability will allow ETH to appreciate.