Ethereum showing solid uptrend and it's not done yet.
There is a good chance of a temporary correction and any price bellow 410 is favorably a buy opportunity.
The 280 support range is the most important support range. In wyckofian terminlogy it would be called the Last Point of Support (LPS) and it's particular important because it serves as basis for bull/bear market basis coupled with that slow slope demand trendline. These LPS ranges and high timeframe trendlines are often the best Risk/Reward long opportunities.
810 Is currently a target range of this uptrend but I personally think we my see it cross the 1k. Fromt them we will like to see some sort of extended double top since we didn't see any strong correction so far. But is hype and momentum is strong in the DeFi world + retail euphorias we might indeed just simly break the ATH within a period of 3M after reaching that top.
There is a good chance of a temporary correction and any price bellow 410 is favorably a buy opportunity.
The 280 support range is the most important support range. In wyckofian terminlogy it would be called the Last Point of Support (LPS) and it's particular important because it serves as basis for bull/bear market basis coupled with that slow slope demand trendline. These LPS ranges and high timeframe trendlines are often the best Risk/Reward long opportunities.
810 Is currently a target range of this uptrend but I personally think we my see it cross the 1k. Fromt them we will like to see some sort of extended double top since we didn't see any strong correction so far. But is hype and momentum is strong in the DeFi world + retail euphorias we might indeed just simly break the ATH within a period of 3M after reaching that top.
D7R
