In-depth analysis and trading strategies of Ethereum (ETH) market
As the first super token to break through the lock range, Ethereum's overall trend is currently showing a downward trend. However, it is not difficult to find from the chart that it did not choose to go down all the way, but showed a certain resilience against the decline, which means that the market may have a chance to turn around.
At present, buyers and sellers are in a stalemate again, and this time, they jointly draw a triangular consolidation pattern. On the chart, I have marked the range where Ethereum prices may be fiercely contested in the next few days with two red triangles, roughly between $2673 and $2380.
This period may be full of torment and waiting, but please believe that every battle will eventually be settled, whether it is a short-term victory or a clear rise or fall direction.
If the seller has the upper hand, the price of Ethereum may fall below the triangular consolidation range, and the support level below is roughly around $2018.
If the buyer can turn the tide, the price will soar like an arrow from a bow, with a short-term target of around $2,895.
This result may take several days to be revealed, but please be patient and wait for good news.
I hope my in-depth analysis can bring a ray of light to your trading decisions. I hope every trader can ride the wind and waves in the market and reap a lot.
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