ETHEREUM is a wonderful cryptocurrency.
And it's right above the ATH zone.
Before continuing, the purpose of this analysis is to demonstrate with the Technical Analysis some of the possibilities bringing a complementary study on this asset.
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ETH ranged between the minimum and the maximum more than 1000%.
This is almost unbelievable because it happened in less than 1 year.
Now looking at zoom out we see that the price tests demand zone which is right in ATH. and we can presume that it can make a giant Cup and handle
The price is shaping a triangle half angled similar to a wedge.
And he broke up the high channel crossing the return line with a strong push.
Since we don't see a more expressive correction movement, I wouldn't expect that if there was a break up in the pattern that was formed it would be very expressive.
I expect a false upward movement, bringing the price down soon after and making it return again inside the channel I plotted.
Thus continuing the formation of the shape that we are suspecting to be.
It's quite normal to watch it happen so that's what I'm expecting.
The projection of this current impulse takes from 2800 to 3000.
If a more expressive corrective comes and the confirmation of this shape, we can expect that the price will rise even above.