📊 ETH Analysis - Nov 23.
During the corrective movement, sellers failed to establish new local lows, and ETH quickly returned within the boundaries of the upward structure.
Note that on higher time frames, ETH has secured itself above the descending parallel channel I highlighted in the previous analysis and has already tested it from the top.
Looking at the volume profile, it's evident that selling pressure continues to weaken. In the near future, I expect a continuation of the uptrend in the altcoin market (including ETH) during accumulation in BTC market.
💭 As before, a breakthrough above $2125 with a confident 1D candle close will open the path for buyers towards $2300.
Avertissement : comprend des opinions de tiers. Il ne s’agit pas d’un conseil financier. Peut inclure du contenu sponsorisé. Consultez les CG.
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