ETHUSDT Analysis

Hello traders!
Today we gonna speak about Ethereum. As you can see, it has grown up far and away. Vitalik Buterin with his updates has built. Strong fundamental and make Ethereum one of the most attractive coin for crypto investors. As we’ve already told, there will be some more updates that’ll reduce commission but reduce the number of miners. It’s double edged sward, but we hope Vitalik will handle. Speaking about fundamentals, everything is more than good. Let’s speak about technicals. Have a look at the chart.

As you can see, now ETH is in local up-trend. At let least, it’s continue up to the end of the 2-nd Fib. Time zone. Moreover, the price action takes place between very strong support and resistance lines thus the probability of squeezes is low. Moreover, it respects the PitchFork I’ve built. Thus, we have a strong local uptrend. Judging by the price action I see three scenarios.

Scenario A
The price will go up, consolidate near the resistance line and break it above.

Scenario B
The price will reject from the resistance and go down. However, in my opinion, it’s the best variant cause the probability of reaching global buyer zone will be high. As we’ve already told you, the best variant of earning money safely is to buy on this level cause the probability of rejecting is about 100%

Scenario C
The resistance and lower border of pitchfork will build a triangle. Judging by my experience , it will be broken down.

Well, guys, I hope the information will give you a detailed view of Ethereum. I hope, you’ll build your own analysis based on my. Have a nice trading day!