With the double top that is visible not only only on the daily chart, but also on the lower time scales indicates that Ethereum could be going as low as 1450. The fact that we have achieved a lower high after the double top further supports the idea of an active downtrend. I don't expect for ETH to reach the low value immediately, as there are various high-volume...
By extrapolating the height of the rectangle that has now formed on the downtrend, we can expect the price to drop to the area of 19K. If that fall does happen, I'm not expecting it to be immediate, as there are various support levels that will need to be broken along the way, such as the one at 25K.
Whether a drop that low happens or not, one thing being pointed...
I drew this triangle a few days ago, and so far the trend continues to fit into it. It appears to be a descending triangle, thus we are expecting the price to decrease. By extrapolating the base of the triangle, we are expecting a price decrease to around 26-24K area. This area also matches a previous resistance area back from February 2021. Another indication of...
Currently Ethereum is battling the $2630 resistance. There was a lot of buying activity that caused the price to go up relatively swiftly. I do not believe that that resistance will be broken, as the people who bought it at that price and higher later saw its decrease and will now be selling to avoid losses. This is also talking into account the bearish trend that...
