ETH-6h. How realistic is the optimistic scenario of growth 2200?

19 Feb 2021

Very slowly but surely, the ETH market is moving towards the goal of our previous idea:

If we compare the nature of the ETH price movement with other coins, we see that ETH buyers are in no hurry to accelerate the growth trend and organize momentum growth. The price of ETH is slowly rising, testing the main support areas. After confidently keeping $1700-1750, buyers managed to update the historical high. However, since then the price has risen by only 8%. If we compare it with the growth of IOST or DASH, it becomes clear why we do not take into account ETH for trade.

However, in this idea, we decided to consider an optimistic scenario of ETH price movements. Since the previous liquidity zone of $ 1850-1880 is under the control of buyers, there is a possibility that buyers will still come to life and be able to organize a sharp impulse to target $ 2200-2230

The main problem for this scenario is the ETHBTC chart

As you can see from February 6, the price of ETHBTC is systematically reduced. Confident consolidation of the price above the green range will give a good signal for the formation of a new impetus for growth in the ETHUSDT market

Therefore, we expect to achieve the goal of BTC e dslvsnws $56000. We hope this will stimulate ETH buyers to take decisive action)
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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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