ETHUSD, 1W, global vision
Updated
Guys, let's take a look at a rather controversial asset - ETH, 1w chart
The asset is above the trend line since December of the last year. The most important thing is that this growth occurs on falling volumes and so on for 9 months.
Since we know that the asset is highly correlated with bitcoin, any correlation of which can lead ETH to an important level of $ 200.
An important level of resistance at this stage is the level of $ 240, there is a bunch of moving 50EMA and 100EMA. Also, the middle of the big red candle at the beginning of July will act as a strong resistance level. In general, the picture for the second most important cryptocurrency is not very bright.
Conclusion: over the next 12 months we expect the price to come to $ 60-80
The asset is above the trend line since December of the last year. The most important thing is that this growth occurs on falling volumes and so on for 9 months.
Since we know that the asset is highly correlated with bitcoin, any correlation of which can lead ETH to an important level of $ 200.
An important level of resistance at this stage is the level of $ 240, there is a bunch of moving 50EMA and 100EMA. Also, the middle of the big red candle at the beginning of July will act as a strong resistance level. In general, the picture for the second most important cryptocurrency is not very bright.
Conclusion: over the next 12 months we expect the price to come to $ 60-80
Note
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