Few days ago, Ethereum had broken the triangle pattern. Theoretically, ETH can go to 490-500 USD now.
However, ETH seemed to hit a resistance and is now going back and forth in the yellow area I drew, and no clear indication yet on where ETH will go.
However, now ETH is hovering above 0.382 fib. As long as this area holds, maybe a little bit below until 0.618, we can still expect a proper bullishness on ETH. The bullish scenario will be confirmed once ETH breaks through the yellow box. Next target is 490-500 USD.
This scenario is invalid if ETH breaks and go lower than the triangle.
However, ETH seemed to hit a resistance and is now going back and forth in the yellow area I drew, and no clear indication yet on where ETH will go.
However, now ETH is hovering above 0.382 fib. As long as this area holds, maybe a little bit below until 0.618, we can still expect a proper bullishness on ETH. The bullish scenario will be confirmed once ETH breaks through the yellow box. Next target is 490-500 USD.
This scenario is invalid if ETH breaks and go lower than the triangle.
