Zooming out to the 6m graph, a very nice cup and handle has formed. Ethereum has already made significant gains in the past few months but this could spell trouble for crypto enthusiasts.
This reversal can be an indication of either a reversal of the overarching bear-trend or the current bullish trend we can accurately chart right now. If a breakout occurs then significant resistance will be ignored.
This reversal can be an indication of either a reversal of the overarching bear-trend or the current bullish trend we can accurately chart right now. If a breakout occurs then significant resistance will be ignored.