Ethereum | Why is Ethereum showing multiple trading scenarios?

Ethereum | Why is Ethereum showing multiple trading scenarios?


Almost one week ago the price tested the top of the structure close to 1276.

In that area as expected also from the previous analysis, we saw the price to show a strong bearish
price reaction that pushed the price lower again up to 1147.

In the actual conditions, the pattern is taking the shape of a "Triangle Pattern" and this is increasing the chances
that the price can move on both sides as long as the price is moving within the pattern.

If the price will break down 1100 price zone it can test the 900 - 1000 support area with the strongest support located
at 1000.

Actually, the price can get ready to move up to 1276 again and a move above that zone can push it up again up to 1528

Thank you and Good Luck!