Hello traders,
Here is my latest analysis of Ethereum and this is the 4 hour chart.
Ww see a rising triangle and also 2 inverted head shoulder formations with the red necklines on the chart.
The rising wedge will likely but not certainly cause a smaller or larger pullback but that also gives a better buying opportunity!
Volume is not high at the moment, indicating that partisans are waiting for a better entry moment.
Entry is shown on the chart as well as targets. For now end target 4100 USD but it could possibly go higher later.
The ascending blue line should not be broken so keep an eye on it!
I expect a rise for the rest of the year after studying the longer timeframes.
Stops and targets, everything can be seen on this chart.
Good luck traders!
Disclaimer Traders this is my view, no advice to buy or sell. Also always do your own research!
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