ETH - 4h. The price of Ethereum fell into a triangle.

1 февр. 2021 г.

Today's fall in the price of ETH did not break the main scenario of buyers' continued growth. By lowering the price to $1270, sellers stopped the pressure. As a result, we see the local reversal of the ETHUSD price, which we wrote about in the previous scenario.

Trading volumes in the ETH market are average. Considering the trajectory of the BTC price, we believe that a triangle has formed in the market. Given that before the formation of the triangle there was a momentum of growth, the probability of breaking the triangle up is higher.

Proof of the strength of buyers will be the maintenance of the range of $1336-1353. The main goal of buyers is the range of $1600 .

We will consider the alternative scenario only after breaking the mark $1270.
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We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
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