ETHUSD: 3000 - 3100 is the ceiling. Correction soon 📉
Next Daily Market Sync
Ethereum catches the eye, moving more optimistically compared to Bitcoin.
Ethereum is traditionally more volatile compared to Bitcoin, so waves of growth and decline are common here.
3000 is a very significant psychological barrier, which will be impossible to overcome without fundamental reasons and a strong news trigger.
I am inclined to predict a correction for Ethereum.
The likelihood of a correction to 2600 in the next two weeks is higher than crossing 3100.
Indirectly, this is confirmed by the ETHBTC chart, where the price has approached the upper boundary of the 12-month downward channel.
I see no reasons for it to break through.
And what do you think?
Share your thoughts in comments, please 🙏
Ethereum catches the eye, moving more optimistically compared to Bitcoin.
Ethereum is traditionally more volatile compared to Bitcoin, so waves of growth and decline are common here.
3000 is a very significant psychological barrier, which will be impossible to overcome without fundamental reasons and a strong news trigger.
I am inclined to predict a correction for Ethereum.
The likelihood of a correction to 2600 in the next two weeks is higher than crossing 3100.
Indirectly, this is confirmed by the ETHBTC chart, where the price has approached the upper boundary of the 12-month downward channel.
I see no reasons for it to break through.
And what do you think?
Share your thoughts in comments, please 🙏
I launched TECH HY Venture Club. FREE access! Just Google to find a link
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.