There has been 2 instances where ETH skyrocketed. This last correction primary bearish trend line has been broken and formed a strong horizontal support. If .04-.042 resistance is broken up, ETH can have a third moon shot. Additionally, ETH is fundamentally strong; it has built a very large network where most crypto-projects have developed on top of this.
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.