Hello, dear members of LeoFinance!
Today I just want to comment on the price chart of Ethereum.
So, in the 4-hour time frame (4H), ETH/USD has been undergoing a slight price correction. As can be seen from the chart, ETH has dropped to the level of the previous local high:
However, I would like to point out that the price chart of ETH/USD is still within the trajectory of the Ascending channel (uptrend). That's why I expect a price rebound from the range of the previous local high to take place sooner or later, and a subsequent resumption of the uptrend.
To be continued ...
p.s. As of the time of writing, one Ethereum costs $513.12 on Coinbase, according to TradingView.
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/commodity trades, investments and etc.
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