Ethereum Market Has Reclaimed A Lot Of That Space Came Back Up Into Our Area Of Range

The market broke to the upside what does that mean well it simply means that the trend is broken and we're not that bullish into the market ethereum we really expect to see into the market in ethereum going forward for this upcoming trading week well first thing .

Source
We're going to do is i'm going to take that line and we're going to make it into a horizontal line because the market in ethereum has established itself as trying to hold some support this over and we're going to track this market in ethereum holding this trend it's not precise but it's pretty much around 2.500 dollar area .

We're gonna hold that area around 2,590 that number is going to be real crucial in regards to where price is going to go see over the last couple of days price has been trading well above that 2,600 area the case in order for this particular to go higher .

We're going to hold that line how we concluded on the last trading day of last week on june the 13th says a lot about the strength that originally came through on june the 14rd there's really not that much selling going on in the space where price was the day before there's still some demand and interest into the market in ethereum i'm not that bearish into the market i'm not that bullish neither but what we're seeing is that the ability of this market in ethereum to maintain price above 2600 dollars.

This market should go higher in price this is a probable precursor to strength this bar and it simply means that the market on the upcoming day price bar needs to close above that current the market is not getting hit with a lot of selling look at this market.

We're starting off the current price bar closing higher price it kind of gives us a mixture between time frame where we're starting to see weakness appear on the chart you can get that pretty much same idea on a weekly perspective too but it's a little bit mixed in terms of seeing the strength and the weakness into the market in ethereum.

This market has never been you know since it's been trading on the crypto exchange we have to be a little bit more vigilant in terms of where we see the price in ethereum go over the next couple of trading days the market in ethereum is still holding that trend from an hourly perspective the market at ethereum is still trying to tell us that the price is going to go higher.