There is an ascending triangle in Ethereum, which has lost nearly 72% of its value since the beginning of the year. We can see Ethereum at $1175 or $970 in the short term.
Ethereum Technical Analysis
The price of Ethereum, which has an ascending triangle appearance, will be seen in the near future. from the consolidated We can see you leave. Generally continuation formation ascending triangle that works as turn pattern can work as The most important places to follow here are those that work as resistance. 1085 dollars level or rising as a support is the breakdown of the trend.
Generally, in these formations, after the break, the break zones are tested and fall or rise takes place. exactly on the rise or fall probability of not reaching your destination In this formation, there is a downward breakout. up to the lower support While a decline is expected, a rise is expected. to the upper resistance expected to arrive.
Current support of Ethereum 1000 dollars resistance zone while levels 1160-1170 dollars region.
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