Crypto power move or drop? ETH's next big decision
Ethereum prices have formed a descending triangle pattern and are currently overbought, similar to Bitcoin. At the same time, both could move higher in the long term—mainly if Trump follows through on his promises to make the US a crypto powerhouse—the short-term outlook for Ethereum is complex—critical level to watch: $3,100. If the price remains above this level, the price will move toward $3,442 and beyond. However, if Ethereum breaches $3,100 to the downside, it may activate the descending triangle pattern, possibly dropping by $327 to reach $2,780.
Will we break to the upside or downside? Share your thoughts in the comments.
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Will we break to the upside or downside? Share your thoughts in the comments.
This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
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