ETH breakout, or downtrend continuation?
Monitoring the consolidation of ETH looking for a breakout of the downward trend. A U-shaped recovery has been my expectation since the price fell below 4K. Without any fundamental analysis, I would expect the downtrend to continue and lower lows to be found before recovery. However, with the expectation of EIP-1559 going live on mainnet on August 4th, I am monitoring the downtrend for an earlier breakout and quick upward price action.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.