Ethereum’s Next Big Move: This Key Price Level Could Unlock A Strong Upward Move

Ethereum’s price continues its downward correction. It is smoothly approaching a decisive resistance line. When is the current downward movement most likely to end? Ethereum’s price has rebounded from the key level of $12.8. As we have assumed a day earlier, that mark has become a good point for traders to make their decisions. So the downward correction continues. Ethereum’s price is approaching the level of $11.5, which could become a support line for the upward trend: it’s the minimal target for a rebound toward the upward trend, which has started at $7. That’s why that mark is a likely....

Ethereum’s price is approaching an important resistance line. There is a good probability of an upward rebound from that level. Alternatively, a turn to decline could form there. Will the upward movement continue? The main direction is up. As there was no turn on a medium-term scale, the odds are on the side of an upward trend. For a turn to decline, Ethereum’s price has to break through the level of $13.4. The key level that we found yesterday is updated, and is now at $13.4. That is the intersection point for a diagonal channel, Fibonacci level 76 and the limit of a short-term flat. A....

Altcoin prices have stopped at their respective key levels, after moving along upward trends. Such stops could provoke prolonged downward corrections. ETH/USD. Ethereum has continued its upward trend. A turn at a key level of $9.7 did not happen. Thus, Ethereum’s price has formed a powerful upward momentum, reaching the maximum of March. At this point, a flat is forming. For a deeper correction to continue, Ethereum’s price has to exit that flat. The market will decide on the direction of the next wave at the level of $12.9. Either the whole downward movement is a correction toward the....

Ethereum’s price is fortifying at a long-term level. If this keeps up, the turn to growth will become more likely than ever. When will the short-term upward trend renew? Ethereum’s fortification at a long-term resistance line has indicated that the bulls are holding the advantage. The downward trend is broken and for the upward trend’s renewal to become very likely, a turnabout structure has to form. A fortification at the level of $10 will be the first signal of the flat ending. Thus, if a turn happens at $10, the odds will lie with the upward trend. For the upward trend to continue,....

Ethereum’s price has formed an upward turnaround wave. Will there be a turn? Where will the upward trend be cancelled? There is a fortification at the level of $10, and a turnaround wave has been formed. In such conditions, the odds are lying with an upward turn. I.e. in case of a repeated break through the peak of the wave, the movemet is more likely to go along an upward trend, rather than a downward one. But another option is possible nevertheless. There is always a probability of a cancellation of a movement. That’s why the level protecting the upward trend is at $9.3. A new rebound....