ETH update! Be prepared!
Well ETH has been acting pretty strong these days!
Right now We broke out of this bullish channel and also the long (blue) trend line...
In my opinion, we are going to test both of them at the cross. (Blue arrow, orange area)
Then there are two scenarios:
Green
We could bounce up to another ATH.
Yellow
We could go back to the channel and trade in the channel... probably the healthiest
The only bearish scenario
RED
We could also break down from the channel and visit our support at 2700.
Another support is around 2600.
ETH/BTC chart
ETH is looking so strong... and we are so far away from the ATH! Just be prepared to the rocket launch...
Fundamentals
There is also an ETH update that deleted ETH fees... which is super bullish for ETH...
Right now We broke out of this bullish channel and also the long (blue) trend line...
In my opinion, we are going to test both of them at the cross. (Blue arrow, orange area)
Then there are two scenarios:
Green
We could bounce up to another ATH.
Yellow
We could go back to the channel and trade in the channel... probably the healthiest
The only bearish scenario
RED
We could also break down from the channel and visit our support at 2700.
Another support is around 2600.
ETH/BTC chart
ETH is looking so strong... and we are so far away from the ATH! Just be prepared to the rocket launch...
Fundamentals
There is also an ETH update that deleted ETH fees... which is super bullish for ETH...
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