Hello steemians!
If you are into trading, I have good news for you. There is a high probability that ETH/EUR will reach another all-time high within the next seven days. If we look at the daily chart, we can see how on December 15th there is a long lower shadow (called doji) whose price dropped to 500€ (in red) to set the current lowest support level. Then it bounced back. The next few days after that, the price broke the resistance level at that moment, 630€ (in orange), and established a new all-time high at 737€, which is the current resistance level. The current price is at around 650-670€, and won't probably rise till tomorrow or even the next day, actually, it seems today it's going to drop a little bit:
Furthermore, if we look at the hourly chart, we see ETH is going through a short-term bearish trend. But that's not what I want you to look at now. Take a look at the candlesticks that I have circled in white. After almost each of them there has been a pretty decent uptrend. Now go back to the daily chart. Do you see the last candlestick? Exactly it has a tiny body and a long lower shadow, just like all of the circled candlesticks in the hourly chart. Do you know what that means right?
All in all, unless there is a war outbreak and the chaos takes over the world, I expect at least a 10% rise in the price.
Hyperion
