Ethereum / TetherUS
Long

Ethereum can make small correction and then continue to move up

474
Hello traders, I want share with you my opinion about Ethereum. Looking at the chart, we can see how the price rebounded from the 1695 resistance level to the support line of the triangle, breaking the 1625 support level, which coincides with the buyer zone. But at once ETH rebounded up and made a strong upward impulse to the 1695 resistance level, which coincided with the resistance line, breaking the 1625 support level again and starting to decline. Price fell a little below the support level, touched the support line, and made an upward impulse higher 1695 level, exiting from the triangle. Later price started to fall and in a short time it declined below the resistance level, which coincided with the seller zone, and the next time, the price rebounded down to the buyer zone. But a not long time ago it bounced up and now trades very close to the support level. Possibly Ethereum can rebound from the support level and continue to move up until to resistance level. Therefore I set up two targets, the first target at the 1660 level and the second 1695 resistance level. Please share this idea with your friends and click Boost 🚀

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