EthereumLong
ETHUSD Idea
G'day, The Next Crypto Millionaire
Today I am gonna analyse ETHUSD (Ethereum).
Based on current market conditions, its clearly showing that an uptrend rally formed after completing the correction market structure. The yellow box I personally, considered as a Critical zone for market direction confirmations, either price actions direction will be fulfilled.
For now, I am expecting price heading for swap zone/supply zone before big traders conducting profit-taking. This is normally happening for day traders taking profit on every position, pushing the price for consolidations structure before continuing rally by targeting previous high.
From a fundamental perspective, I am expecting ETHUSD to reach the 55000/ETH price tag. This prediction is based on upcoming ETH 2.0 blockchains implementations to reduce the transaction fee which is also known as Gas Fee / Network Fee. Which is currently, too expensive for traders specially Staker Investor.
Let's see what gonna happens next. Stay Tune...
Today I am gonna analyse ETHUSD (Ethereum).
Based on current market conditions, its clearly showing that an uptrend rally formed after completing the correction market structure. The yellow box I personally, considered as a Critical zone for market direction confirmations, either price actions direction will be fulfilled.
For now, I am expecting price heading for swap zone/supply zone before big traders conducting profit-taking. This is normally happening for day traders taking profit on every position, pushing the price for consolidations structure before continuing rally by targeting previous high.
From a fundamental perspective, I am expecting ETHUSD to reach the 55000/ETH price tag. This prediction is based on upcoming ETH 2.0 blockchains implementations to reduce the transaction fee which is also known as Gas Fee / Network Fee. Which is currently, too expensive for traders specially Staker Investor.
Let's see what gonna happens next. Stay Tune...
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.