As per our previous analysis Range Trading between the dash line (said 216 - 245)
The Range trading is still the same, From Volume and Price pattern, we found
--the bull is not really want to break it up.
-- And the bear is not really want to push it down.
It is a happy range trading.
Most of the floating lock down were escaped from the upper side (245-250) when last time it dropped from Mar 07, 2020.
At that period of time the Gold price also dropped sharply for hot cash hunting. Recently, ETHUSD pair price seems to have the same pattern that linked with Gold price. ETHUSD keep the same bullish trend, but moderate. Maybe a backtest of the key pressure line (Red parallel lines, now maybe become support line, but need to be tested.) If it can provide strong support, breakup the high side might be seen soon.
--the bull is not really want to break it up.
-- And the bear is not really want to push it down.
It is a happy range trading.
Most of the floating lock down were escaped from the upper side (245-250) when last time it dropped from Mar 07, 2020.
At that period of time the Gold price also dropped sharply for hot cash hunting. Recently, ETHUSD pair price seems to have the same pattern that linked with Gold price. ETHUSD keep the same bullish trend, but moderate. Maybe a backtest of the key pressure line (Red parallel lines, now maybe become support line, but need to be tested.) If it can provide strong support, breakup the high side might be seen soon.
