In this hourly chart shown above, we see healthy amounts of support any time the price of ETHUSD seems to dip. This leads me to believe that there are powerful forces out there trying to push the price up against traders' and shorts' will.
Take a look at the ETHUSD SHORTS chart below.
Since around April 28-29th, the number of shorts has risen. Now take a look at the ETHUSD LONGS chart below.
The number of longs has also increased Since April 28-29th. Overall there are fewer longs than there were earlier in April, but you can see that over the past few days, the number of longs and shorts have both increased.
Who will win? Refer to Pt. 2 for the answer. Noting is certain. There's a lot of pressure on both sides. Either way, I expect a dramatic move in either direction in the next few days. If the price passes 715, my price target is 850. If the price passes 675, my price target is 600.
Take a look at the ETHUSD SHORTS chart below.
Since around April 28-29th, the number of shorts has risen. Now take a look at the ETHUSD LONGS chart below.
The number of longs has also increased Since April 28-29th. Overall there are fewer longs than there were earlier in April, but you can see that over the past few days, the number of longs and shorts have both increased.
Who will win? Refer to Pt. 2 for the answer. Noting is certain. There's a lot of pressure on both sides. Either way, I expect a dramatic move in either direction in the next few days. If the price passes 715, my price target is 850. If the price passes 675, my price target is 600.
