“This content is not a financial advice or a buy/sell signal”. As correctly estimated in the previous chart, after reaching the first target, the ETH price bounce and broke the descending triangle toward up and hit the second target. Currently, the price is forming a sharp rising wedge. Also, RSI formed a divergence. So, a fall in price would be more likely. Let´s follow the third target. Of note, if we observe high support from the market then the price may bounce at around 2700USD
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.