Ethereum forecast / Signal update
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As you can see, the price entered a neutral channel since last night.
Now we see two paths for the price, ascending and descending depending on the conditions (it is 50-50).
If the resistance breaks at the top of the channel and the break is confirmed, it will continue to move bullish.
In case of failure of support at the bottom of the channel, the direction will be changed and bearish.
The probability is 50-50 in terms of technical analysis, but in terms of fundamentals and of course the volume of buyers, I think it is 60% bullish.
Now we see two paths for the price, ascending and descending depending on the conditions (it is 50-50).
If the resistance breaks at the top of the channel and the break is confirmed, it will continue to move bullish.
In case of failure of support at the bottom of the channel, the direction will be changed and bearish.
The probability is 50-50 in terms of technical analysis, but in terms of fundamentals and of course the volume of buyers, I think it is 60% bullish.
Note
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Note
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