Ethereum can rebound up from support line of triangle to 3085

May 10

Hello traders, I want share with you my opinion about Ethereum. Observing the chart, we can see that the price some time ago declined to the support level, which coincided with the buyer zone, after which rebounded and tried to grow but failed and declined to the support line, which is located in the buyer zone. Then ETH in a short time rose to the seller zone and even higher, breaking the resistance level, after which turned around and declined to the support line, breaking the 3200 level again. After this, ETH rebounded from the support line to 3355 points, turned around, and made a strong downward impulse inside the downward triangle. Price broke 3200 and 2950 levels and the support line also, after which it turned around from the support line of the triangle and started to grow. In a short time Ethereum rose to the resistance level again, breaking the support level one more time, but then it at once rebounded and fell to the buyer zone. Later price rebounded up from the buyer zone, making a fake breakout of the support level, and a not long time ago fell to the support line of the triangle. For this moment, I think that ETH can rebound from the support line to the resistance line of the triangle, therefore I set my target at 3085 points. Please share this idea with your friends and click Boost 🚀