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Ethereum Correction Odds Increase

From dailypriceaction.com

Ethereum appears to be edging closer to a 15% correction. It’s been a relatively slow start to March for crypto, primarily since the March 3rd selloff, with Bitcoin confined to a mere $600 range. However, that may be about to change. ETHUSD is coming off a significant trend line resistance at $1,720, extending from the September 2021 low. And while the market remains sideways, the chart below hints at a potentially significant pullback ahead. And it isn’t just the Ethereum chart that has me thinking a risk-off move could be ahead. Earlier today, I wrote about a possible EURUSD head and shoulders pattern. We’re also ... (full story)

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  • Category: Technical Analysis