6.3 Ethereum Mid to Long Term Analysis
Today we will take a look at the long-term layout. Open daily K.
Ethereum has been consolidating between 0.382-0.5 for over twenty days. Both bulls and bears are at a standstill. There is an urgent need for some news to stimulate the market. To break the deadlock.
Looking at today's trend, the 30-minute chart shows. 📈 After rising above 0.5, the bulls are losing strength, pulling back to the 0.382 level where support is regained for another attack.
If it doesn't surpass 2666, it will just be a normal rebound market. If it surpasses it, we will officially enter a reversal and see another wave of upward movement.
