So what do we have?
For the umpteenth time, we are testing the level of 1450 USD, forming a triangle with a vertical horizontal edge. In fact, on the one hand, it is a formed pennant, which works out for a breakout upward to the height of the previous growth before the correction is 200-300 USD, on the other hand it is an ascending triangle. If we add the growth of DeFi projects here, with blocked ETH and Ethereum 2.0 (fundamental analysis), then we can assume that the price of ETH will soon reach 1800 USD.
We will observe that shorts are categorically contraindicated in this situation.
For the umpteenth time, we are testing the level of 1450 USD, forming a triangle with a vertical horizontal edge. In fact, on the one hand, it is a formed pennant, which works out for a breakout upward to the height of the previous growth before the correction is 200-300 USD, on the other hand it is an ascending triangle. If we add the growth of DeFi projects here, with blocked ETH and Ethereum 2.0 (fundamental analysis), then we can assume that the price of ETH will soon reach 1800 USD.
We will observe that shorts are categorically contraindicated in this situation.