Minds

forum Ethereum / Dollar

19 mai

Currently, the ETH/USD pair is moving within a bearish channel that could also be interpreted as a 'bullish flag,' a pattern generally considered bullish. We can see a very strong level at $2800, which is the 0.382 Fibonacci level, suggesting a potential new bullish cycle. However, we can also observe a bearish compression triangle, which could indicate a potential downward movement, with possible consolidation at $2500 due to a lack of volume. This level corresponds to the 0.5 Fibonacci level. I believe the price of ETH/USD will then increase due to its current low cost. This configuration offers interesting opportunities for traders, but it is important to closely monitor key levels and technical signals to confirm the expected movement.