ETH Double Bottom Confirmed – Bulls Target $2,000
ETH Double Bottom Confirmed – Bulls Target $2,000
As expected from our previous analysis, ETH confirmed a double bottom pattern. The price managed to break out even though the 1900 resistance area has now turned into resistance.
A possible retest of the neckline of the pattern could happen again before Ethereum can rally further.
Most of the major instruments like US500, US100, US30, GOLD and Silver have already rallied significantly, so it is highly likely that we will see ETH and BTC start an uptrend very soon.
Key Targets:
1935
1970
2000
You can find more details on the chart.
Thank you and good luck! 🍀
⚠️PS: Do your own analysis and use your own strategy to join the trade.
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Previous analysis:
