price broke up short (blue) descening trend and is facing long (purple) term descening resistance. Looks like we are on a breaking point: UP, if longterm trens is broken too, or DOWN if if it is not
This week:
- ETH price crossed several major milestones --> and turned resistances into supports (blue lines)
- we broke out downward trend (red line) started in October --> new trend is not seen yet, but it will be up (black lines)
- correction towards 2600 is possible, not not probable --> any price under 2700 will be great buying opportunity for long term...
Under 2400 just not possible anymore. Staying for 3 weeks around 2550 with insainde buying on all dips. ETH already formed nice lows for a whole next year. Current 1-year low is in last year's March. But there is no need to speed up to ATH.
