The price was not able to break through the descending trend line and was rejected downwards. Now we expect to see a decline of ETHBTC pair to at least a mid-range of 22900 sats. The final target is the ascending support.
Note
If we speak about local picture. Triangle was broken, the price is consolidating below the support level, which is now acting as resistance. Moreover, there is a horizontal resistance at 25200 sats.
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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.