ETH Accumulating possible breakout (Very Bullish)
Ethereum is still in the liquidity zone, but there is good news, first of all is that it has stayed in that zone for several days accumulating. Second, ETH has shown a lot of strength over the last 3 days, reaching up to $3,700. And the best part, as you may have seen in my Bitcoin analysis, is that the price is close to making a strong bullish move. This suggests that ETH and other coins will also gain strength and move in a bullish direction.
The key for Ethereum is to wait for it to break out of this downward channel. I believe it has been following a bearish sequence for a long time, but these last few days have been very positive as Bitcoin starts to gain momentum, and we are also seeing ETH begin to gather volume and buying pressure.
We will be keeping a close eye on the market in the coming days.
Thank you for following and supporting my analysis; we have been predicting every price movement according to a positive forecast.
Best regards.
The key for Ethereum is to wait for it to break out of this downward channel. I believe it has been following a bearish sequence for a long time, but these last few days have been very positive as Bitcoin starts to gain momentum, and we are also seeing ETH begin to gather volume and buying pressure.
We will be keeping a close eye on the market in the coming days.
Thank you for following and supporting my analysis; we have been predicting every price movement according to a positive forecast.
Best regards.
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