In our last Ethereum price prediction, we wrote that the price is in a sideways phase. Such phases break out bearish in most cases as these are considered continuation patterns. Because of this, we also expected the price to break out in a bearish fashion. But now the price could prove the opposite. How far will Ethereum price go upwards? Won’t we go back down to $1,800? Let’s analyze.
Ethereum Price Breaks BULLISH??
The Ethereum price was able to break out of the sideways phase between $2,300 and $2,500 just today. We anticipated a bearish breakout in yesterday’s article as it is a continuation pattern. Now, the resistance has been broken, which is why we anticipate that Ethereum price could target the $2,800 – $3,000 resistance area next. After that, however, it could go south again.
>>CLICK HERE TO BUY ETHEREUM<<
Ethereum Price Prediction – THIS is what should Happen
Despite the bullish breakout, we still expect a dump towards $2,000 – $1,800. We think the price will use the next short-term uptrend to catch its breath so it can continue falling. It has to be said that we only confirm the $2,000 as soon as the price falls below $2,300 and thus breaks the support.
For day traders, it might be a good idea to prepare a short position accordingly. Usualy, an upward movement would go in tandem with the entire cryptocurrency market. That’s why it is very important to keep an eye on the entire crypto community and altcoin prices especially Bitcoin. If they continue to recover for now, placing that short position wouldn’t be a good idea.
If you feel like you need guidance when tackling the crypto market, you need to check out our premium area. You’ll always be up-to-date with everything happening in the crypto market. Additionally, you will receive trading ideas and professional trading support. You will also receive information about the latest crypto trends at an early stage! If you want to read more about our Premium Area, click here.
Don’t forget to follow us on Google News to keep yourself updated with the latest Price Predictions 😉
The post Ethereum Price Rebounds! BUT don’t be fooled by $ETH Spikes appeared first on CryptoTicker.
Check live crypto rates here
Start trading today – See our list of exchanges
https://noprescriptioncanada.com/# mail order canadian drugs
buy catapres without prescription clonidine sale purchase spiriva generic
https://noprescriptioncanada.com/# reliable canadian pharmacy
buy buspar 5mg pill buy buspar 5mg without prescription order generic ditropan 2.5mg
order hytrin 1mg online azulfidine us sulfasalazine 500 mg us