The weakness of the local trend of falling ETH prices from December 1 forced sellers to retreat to $ 530. The price did not reach the goal of our previous idea.
However, has the price correction been completed?
The local level noted in the previous idea was not broken.
The $600-620 price range stood.
Even the local range of $ 585-582 remained under the control of sellers. (from this range on December 8 began to fall to $ 530).
The current growth has taken place without any accumulation of buyers. We are generally silent against the .
Local continuation of ETH growth is possible after fixing over $585. Otherwise, buyers will expect a better price.
We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
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