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Ethereum Monthly Line Big Bull, Will it Soar in the Future?
Let's first take a look at the monthly line. Ethereum has formed a big bullish candle on the monthly chart, looking quite vibrant. From the monthly line, it has risen from around 2300 to the current 3700, taking a full 4 months, with an overall trend moving upward, showing strong bullish momentum.
However, there is a point to be cautious about, which is that this price increase is a bit too fast, having deviated from its original position. It feels like a line that has been pulled too tight; it needs to slow down.
Therefore, I guess this month, which is December, the price of Ethereum might fluctuate quite a bit, like a roller coaster, going up and down, and it's unlikely to have another big rise and then stabilize.
Looking at the weekly line, it also has a pretty good bullish candle, but that doesn't mean it's at the top. I think this week Ethereum might push for a higher point, around the 3900 to 4100 position, where it might encounter some resistance before possibly retreating, also like a roller coaster, going up and then coming down.
The daily line has been looking rather ordinary these days, showing a slight upward fluctuation, but there's no clear sign of a peak.
Overall, Ethereum is still leaning towards bullish, but one should be careful of the big fluctuations this month or this week.
I think it might rise first and then fall, with the top likely around the 3900 to 4100 position, and for the bottom, we might need to keep an eye on positions like 3350 to 3450 and 3100.
#ETH continues to soar
In the crypto circle, if you don't have a good network and first-hand information, I suggest you follow me, and I'll help you get on board for free, welcome to join the team!!!
Disclaimer: Contains third-party opinions, does not constitute financial advice, and may contain sponsored content. See 'Terms and Conditions' for details.
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Ethereum Monthly Line Big Bull, Will it Soar in the Future?
Let's first take a look at the monthly line. Ethereum has formed a big bullish candle on the monthly chart, looking quite vibrant. From the monthly line, it has risen from around 2300 to the current 3700, taking a full 4 months, with an overall trend moving upward, showing strong bullish momentum.
However, there is a point to be cautious about, which is that this price increase is a bit too fast, having deviated from its original position. It feels like a line that has been pulled too tight; it needs to slow down.
Therefore, I guess this month, which is December, the price of Ethereum might fluctuate quite a bit, like a roller coaster, going up and down, and it's unlikely to have another big rise and then stabilize.
Looking at the weekly line, it also has a pretty good bullish candle, but that doesn't mean it's at the top. I think this week Ethereum might push for a higher point, around the 3900 to 4100 position, where it might encounter some resistance before possibly retreating, also like a roller coaster, going up and then coming down.
The daily line has been looking rather ordinary these days, showing a slight upward fluctuation, but there's no clear sign of a peak.
Overall, Ethereum is still leaning towards bullish, but one should be careful of the big fluctuations this month or this week.
I think it might rise first and then fall, with the top likely around the 3900 to 4100 position, and for the bottom, we might need to keep an eye on positions like 3350 to 3450 and 3100.
#ETH continues to soar
In the crypto circle, if you don't have a good network and first-hand information, I suggest you follow me, and I'll help you get on board for free, welcome to join the team!!!
Disclaimer: Contains third-party opinions, does not constitute financial advice, and may contain sponsored content. See 'Terms and Conditions' for details.
ETH
3,605.2
-2.72%
Appreciate the author
Copy link
1k
Views
1
Like
0
Citations
0
Donations
0
Shares
2 replies
Popular
Latest
Ethfi Cat
Received, increased position
2 hours
1
Crypto Wealth Boat
Author