ETH and BTC have taken a back seat to many other strong performing cryptos which themselves recently broke out of extended trading ranges.
The larger time frames are indicating that ETH is in a bullish trend but price is a significant distance from its Mean, so prepare for either a Continuation or Reversion by bracketing the channel with Long/Short entries
The larger time frames are indicating that ETH is in a bullish trend but price is a significant distance from its Mean, so prepare for either a Continuation or Reversion by bracketing the channel with Long/Short entries
Trade closed: target reached:
Consolidation occurring after a week of gains reversed in a couple of hours