ETH is in an accumulation zone?
Updated
ETH has been trading in a quite narrow range of 10% since a month.
It seems that ETH is in an accumulation phase following Wyckoff method. This is my hypothesis based of recent movements. One needs to follow closely the next moves to be sure. But in my opinion, it is a good time to accumulate ETH.
For a bullish scenario, ETH would go to 2400 in next few months.
What do you think about ETH and this analysis? Don't hesitate to drop your comment.
Thanks!
Note
It is still possible that ETH would be back to $1450 level for a SPRING Test. However, closing below $1400 is an invalidation of this scenario, in my opinion.
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