Ethereum continues to narrow down into Triangle. Volume analysis indicates low turnover from the buyers. And this means that the growth of Ethereum rate was a temporary correction.
The closest resistance level for Ethereum is $ 732 and the support level is $ 630. Today it is difficult to say exactly where Ethereum will go, so we are out of the market.
Priority of the day: neutral position on ETHUSD.
It is very likely that Ethereum rate will be in flat today. Although, the probability of its growth or fall is about 50%.
Projected scenarios:
1. Buy ETHUSD from $ 700 to $ 730.
2. Sell ETHUSD from $ 730 - $ 630.
An alternative scenario:
Ethereum rate may not go anywhere today and be in flat. All our subscribers are advised not to trade today, to wait for an understandable situation.
The closest resistance level for Ethereum is $ 732 and the support level is $ 630. Today it is difficult to say exactly where Ethereum will go, so we are out of the market.
Priority of the day: neutral position on ETHUSD.
It is very likely that Ethereum rate will be in flat today. Although, the probability of its growth or fall is about 50%.
Projected scenarios:
1. Buy ETHUSD from $ 700 to $ 730.
2. Sell ETHUSD from $ 730 - $ 630.
An alternative scenario:
Ethereum rate may not go anywhere today and be in flat. All our subscribers are advised not to trade today, to wait for an understandable situation.