ETH-4h. Buyers are preparing for a new wave of growth!

ETHBTC chart.
A strong wave of fall, starting from December 13, lowered the price of ETH by 25%. In one of our ideas, we showed that sellers have broken the global trend line and the situation looks quite critical. However, meeting the range 0.0247-0.0252 sellers met with serious resistance. It is in this range that the price of ETHBTC began to slow down on December 23.
Due to a strong trend, sellers managed to break through this range for a while. However, December 27 showed its strength by taking control of the range 0.0247-0.0252. This range is currently being tested. Sellers look weak.
Therefore, the probability of starting a new wave of growth with a target of 0.03 is quite high.

Given that the price of the pair ETHUSDT is now in consolidation – rising to $ 800-840 in the near future – this is a very likely scenario.

We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
Subscribe to us and get daily concise analytics!