Ethereum chart analysis
Source: Tradingview*
We also saw a backlash in Ethereum (ETH) after reaching the green resistance box at $2,770. However, the dump or correction takes a little longer here.
We are currently trading at around USD 2,610, close to our last consolidation zone. We should not fall below this for another bullish case. This means that we should not reach prices below USD 2,530.
However, we still have a lot of room for improvement here. The inefficiency at $2,820 could still be filled before we initiate a sustained dump to the downside. There are some short opportunities up there.
Click here for the latest Ripple (XRP) chart analysis.
For a technical analysis of Bitcoin, Ethereum, Gold, other altcoins and current news/events, the author created this video: