EthereumShort
ETH USD - Analysis
ETH has shown a lot of strength over the last 50 hours breaking through the resistance lines without any difficulty. However, it is already possible to draw a curve with a downward slope under the growth. I believe that ETH will not have the inertia to break the purple lines and that's why it should drop again in the next few weeks until July 22nd to 25th again.
Resistance lines: Yellow and purple
Blue rectangles: Fibonacci regression channels
Resistance lines: Yellow and purple
Blue rectangles: Fibonacci regression channels
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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.