Ethereum price, highly correlating with Bitcoin, followed the upwards trend on 25th-26th of October.
The price crossed the level of $190 marking the high of the month.
After that, the price experienced decrease the $175 level with the further rebound from this level.
For now, the double top pattern is forming clearly on the 1H timeframe from 25th of October.
In case of the pattern formation, the bearish scanario is highly possible: Moving to $170 and then to $160 levels.
If not, the $190-$200-$230 levels are the bulls targets.
Currently, the price is fluctuating inside the neutral diapason of $175-190. Waiting its further steps to open a position.
The price crossed the level of $190 marking the high of the month.
After that, the price experienced decrease the $175 level with the further rebound from this level.
For now, the double top pattern is forming clearly on the 1H timeframe from 25th of October.
In case of the pattern formation, the bearish scanario is highly possible: Moving to $170 and then to $160 levels.
If not, the $190-$200-$230 levels are the bulls targets.
Currently, the price is fluctuating inside the neutral diapason of $175-190. Waiting its further steps to open a position.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.