HelenP. I Ethereum can fall to trend line and make impulse up

20 Jan

Hi folks today I'm prepared for you Ethereum analytics. After the price broke some days ago support 2, which is located in the support zone, ETH declined to the trend line. But soon it turned around and made a strong impulse up to support 1, thereby breaking one more time support 2. Later, ETH broke support 1, which coincided with the resistance zone, and rose to 2715 points, after which the price fell to the resistance zone. As well then, the price some time traded near this zone, but a not long time ago it tried to rise higher, but failed and in a short time declined below support 1, breaking this level again. Also soon, the price declined to the trend line, after which it bounced and rose back to the resistance zone, where it continues to trades to this day. For my mind, Ethereum will decline to the trend line and then the price can rebound up higher than it is now one more time. That's why I set my target at the 2575 level. If you like my analytics you may support me with your like/comment ❤️