ETH Broke the ATH! Price Action Scenarios Hello, guys!
Today the ETH price clearly broke the ATH level. It formed the ascending triangle and broke through it. This bullish sign have the target of triangle's height, which corresponds to $1770.
The second potential target is $1900 which is the R2 pivot level.
Which scenarios could play out here?
Scenario 1. Price now is on R1 pivot level $1620, if it is able to close above it we can see the fast first target reaching. After, if the price find support above R1 the next move can be to the target 2 ($1900).
Scenario 2. Price will not be able to break the R1 now and bounce off it to the ATH level, but this is strong support and price growth continue to the targets.
We will monitor price action and do updates.
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions.
