Expecting to see a trend reversal from ~$2230-2500
Hi Traders,
As you see on the chart, Ethereum is still in a downtrend channel and trying to reach the resistance area between ~$1912-2230. I think ETH won't break that area because it's tough resistance, and many will take their profit because it's already pumped 100% from the bottom. Also, we have considered two critical dates in the upcoming weeks.
Merge (ETH 2.0): 19 Sep.
FOMC: 20-21 Sep.
These dates will be "sell the news" events, and Ethereum will try to go high as much as she can.
Key resistance area: ~$1912-2230
Please hit the boost button if you agree.
Thanks.
As you see on the chart, Ethereum is still in a downtrend channel and trying to reach the resistance area between ~$1912-2230. I think ETH won't break that area because it's tough resistance, and many will take their profit because it's already pumped 100% from the bottom. Also, we have considered two critical dates in the upcoming weeks.
Merge (ETH 2.0): 19 Sep.
FOMC: 20-21 Sep.
These dates will be "sell the news" events, and Ethereum will try to go high as much as she can.
Key resistance area: ~$1912-2230
Please hit the boost button if you agree.
Thanks.
Penafian
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