Can ETH break out above the Howard trendline?
Ethereum has been contained within a downward trendline since the May correction.
Ethereum has previously been in the 2850 range and that will come quickly if the break above the downward trendline holds as support. The on-chain metrics seem to support a rising floor and this appears to be the point where we begin working on the upward channel.
Looking back, Ethereum rarely stays put, so a move up or down will come in sharp increments until we have a parabolic return to prior highs.
Not financial advice.
Ethereum has previously been in the 2850 range and that will come quickly if the break above the downward trendline holds as support. The on-chain metrics seem to support a rising floor and this appears to be the point where we begin working on the upward channel.
Looking back, Ethereum rarely stays put, so a move up or down will come in sharp increments until we have a parabolic return to prior highs.
Not financial advice.
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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.
Disclaimer
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.