As the volatility observed in the general cryptographic market during the weekend, Ether Leeum Once again, I lost a $ 2,500 price tag, causing a remarkable drop of nearly $ 2,200. However, ETH did not completely lose the potential of the assembly as the technical development suggested a big rebound on the coming days.
The main pattern indicates the rapid rally of Ether Leeum.
Ether Leeum has been fighting and fighting weakly. Losing $ 2,500 A few days ago. ETH's price may have witnessed a sharp full back, but I am convinced that the encryption analyst Rose Premium Signals can rebound.
In the post share The analysis of the expert on ETH in X shows that Altcoin is building a strength under the fall as the key chart pattern begins to form. Specifically, the rose premium signal identified the cup and handle chart pattern a week.
Cup and handle formation is a strong technology continuous pattern that suggests that bounce is possible according to the integration stage. This pattern often refers to the prospect of the strong, so experts believe that ETH can pop back again. It rapidly increases to a high level.
Looking at the one -week chart, Ether Leeum's price is currently retreating to about $ 2,600 in the Necrine area. Despite the. Notable reductionThe core chart pattern is expected to trigger the main rally of ETH.
As the cups and handle patterns are slowly mature, ETH may be just before the previous high -up move. According to Rose Premium Signals, if this area is successfully recovered, Altcoin can be close to a major goal of $ 4,204.69.
Is it a good time to buy ETH?
For some time, Ether Lee Riium, a cryptographic expert and merchant, Alienovicho Exposed Altcoin is getting closer to the price, which is considered a good purchase point. After exploring the ongoing price measures, the analyst emphasized the purchase area of $ 1970 from $ 2140.
As a weak pressure mount, the $ 2,140 -$ 1,970 purchase area is an important area that is expected to be positive and currently tested. ETH. However, if the bounce does not occur next week, be careful and move to the next possible demand area.
This level is consistent with the previous structure and can provide a more solid foundation for subsequent movement if a larger structure is maintained. Meanwhile, the reaction that is expected to happen on the coming days ETH price After a $ 2,300 resistance level.
At the time of writing ETH is traded at $ 2,264, down almost 1% over the last 24 hours. The price of ETH can face the pressure of weakness, but the emotions among merchants appear to be improving. According to CoinmarketCap's data, the volume of trading has increased by more than 13%.
Pixabay's main image, TradingView.com chart
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