Ethereum- Correction before new leg up
After the dive under 1k figure, Eth found strong support exactly in this figure and last week has managed to break above consolidation's resistance at 1250.
Looking at the chart we can see that the cryptocurrency has risen 65% in only 6 trading days and a correction is more than healthy at this moment.
Bulls can look for buying opportunities around this old resistance, now support and target the next important resistance above 1700.
Such a trade would also have a fabulous R:R
Looking at the chart we can see that the cryptocurrency has risen 65% in only 6 trading days and a correction is more than healthy at this moment.
Bulls can look for buying opportunities around this old resistance, now support and target the next important resistance above 1700.
Such a trade would also have a fabulous R:R
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