ETHUSD Entering Bull Cycle
After some technical analysis, it is to our estimation that Ethereum is entering another huge bullish phase.
As you can see, the trend related Fibonacci indicates a perfect bounce off of the support area. The zone has been extremely validated, and it has confidently broken above the short-term resistance zone. We anticipate a short-term price movement to 4500+ and a longer term movement to 5000+.
As you can see, the trend related Fibonacci indicates a perfect bounce off of the support area. The zone has been extremely validated, and it has confidently broken above the short-term resistance zone. We anticipate a short-term price movement to 4500+ and a longer term movement to 5000+.
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