Consolidation in ETH has extended a lot, which increases investors' tension.
In previous ideas, we wrote about the mark $363, which served as the critical point for this coin. Buyers managed to break this point and update the local high. However, according to the volume of ETH price growth from 8 October, it seems that buyers are leaving the forces.
When BTC showed, most likely manipulative, upward impulse, then ETH in response was satisfied with weak growth on low volumes.
Such input information makes us think that the maximum that ETH is waiting for is the continuation of consolidation trend with an exit down to $274 and $251.
Cancellation of this scenario in case the price fixes above $390. But first, buyers need to show that they ready to keep $363.
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In previous ideas, we wrote about the mark $363, which served as the critical point for this coin. Buyers managed to break this point and update the local high. However, according to the volume of ETH price growth from 8 October, it seems that buyers are leaving the forces.
When BTC showed, most likely manipulative, upward impulse, then ETH in response was satisfied with weak growth on low volumes.
Such input information makes us think that the maximum that ETH is waiting for is the continuation of consolidation trend with an exit down to $274 and $251.
Cancellation of this scenario in case the price fixes above $390. But first, buyers need to show that they ready to keep $363.
____________________________
Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
Note
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🎁 -20% on ALL trading fees OKX
okx.com/join/20PSTRADE
🔥V-I-P cutt.ly/PwkLhT56
👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s
🔵Telegram t.me/pstrade_eng
okx.com/join/20PSTRADE
🔥V-I-P cutt.ly/PwkLhT56
👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s
🔵Telegram t.me/pstrade_eng
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.