Ethereum (ETH) Price Trends (Week of July 27th)
Ethereum has formed a wave of a medium-term upward trend. The structure of the downward trend has been disrupted, hence there is a possibility of a medium-term upward turn. Is it a flat or a continuation of a long-term upward trend? The upward trend has equalized the distribution of power between the bulls and the bears last Friday. A break through a zone near $14 means that there is no particular sentiment regarding Ethereum’s price, i.e. there is a sideway movement on the market. Ethereum’s price is forming a wave for a medium-term upward trend. But it’s too early to speak about a turn....
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