As Ethereum’s chart closely resembles Bitcoin’s graph, there is not much to report. Despite that, we would like to remind our audience that we stay committed to our price targets of 1000$ and 900$. Our thesis is based on a combination of fundamental and technical factors explained in the idea attached to Illustration 1.01.
Illustration 1.01
Illustration 1.01 shows the daily chart of BTCUSD, which highlights the structural resemblance between Ethereum and Bitcoin.
Technical analysis
Daily time frame = Slightly bearish
Weekly time frame = Neutral
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
Illustration 1.01
Technical analysis
Daily time frame = Slightly bearish
Weekly time frame = Neutral
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
액티브 트레이드:
ETHUSD approaches an attractive zone for the short position (re)entry, which we view between $1500 and $1600.
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