Usually, I don't watch ETH, but this seems to be a no brainer:
The triangle pattern got broken on a weekly scale to the upside.
+ Price seems to close above the 50's weekly MA.
My price target is around 4125 USD. Then we need to re-evaluate the market.
The triangle pattern got broken on a weekly scale to the upside.
+ Price seems to close above the 50's weekly MA.
My price target is around 4125 USD. Then we need to re-evaluate the market.
Comment
So far it seems like a classical re-test of the broken chart pattern. If ETH stays above ~2925 I would see this setup still as valid.Disclaimer
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