ETH Validation Before EPIC Run!! (ETH Update)
My Fellow Crypto Traders,
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ANALYSIS:
ETH may be running out of steam after hitting ATH's on some exchanges. However, ETH could be ready to put it into overdrive as it is developing a bullish flag pattern on lower time frames. Therefore, we can see ETH dip slightly more before in the short term before making the big move. Especially when the DXY seems to be hitting the downside. Moreover, even though history does not predict the future of price action, post-inauguration tends to have the markets very bullish.
Appreciate you taking the time to view my analysis which I hope you may find beneficial. Please be sure to “LIKE” if you indeed find my analysis useful and/or find my analysis intriguing.
Cheers & Happy Trading!
----------------------------------------------------------------------------------------------------------------------
ANALYSIS:
ETH may be running out of steam after hitting ATH's on some exchanges. However, ETH could be ready to put it into overdrive as it is developing a bullish flag pattern on lower time frames. Therefore, we can see ETH dip slightly more before in the short term before making the big move. Especially when the DXY seems to be hitting the downside. Moreover, even though history does not predict the future of price action, post-inauguration tends to have the markets very bullish.
www.tradingview.com/...Brought-an-ETH-Dump/
ETH seems to be following the narrative of finding footing towards VWAP and possibly a golden pocket penetration. Thus, this downside price action could be the catalyst of an ETH having a violent price pump to the upside, just as BTC did, when it est. a new ATH. Therefore, keep an eye out of the $1250 region, due to ETH never validated $1250 as support, but it was a key area of resistance.