Hello, dear members of LeoFinance!
Today I will comment on the price chart of Ethereum.
The price of Ethereum has recently rebounded. Thus, in the 4-hour chart ETH/USD has reached the lower line of the Inverted Ascending Triangle:
In my view, this line will serve as resistance for Etherem in the near future, but, hopefully, a bit later a breakout will take place.
So, fellow LeoFinancier, do you think that Ethereum will break through the resistance line in the next couple of weeks or it will face solid resistance and the price will pull back?
p.s. at the time of writing one Ethereum costs $378.64 according to LeoFinance.io
A few words about me:
Just to let you know: I've been working professionally as a currency analyst for the last 14+ years, and as a cryptocurrency analyst for the last 3+ years.
Important!
Keep in mind, that thoughts expressed here are my own, and they should not be regarded as recommendations for any cryptocurrency trades, investments and etc.
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