Time for Peace and Bulls a case for Ethereum

The latest episode of Flipside of Crypto: Ethereum news and technical analysis.

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On this Episode of Flipside of Crypto we cover:

  • Infighting between different smart contract project communities: Cardano (ADA), Polkadot(POL) and Ethereum (ETH).
  • Ethereum news
  • Ethereum price prediction

Joe Damiens – Technical Analysis:

Most Likely Scenario: Bullish

  • 61.80% Fibonacci Retracement at $1,535 USDT level.
  • Expanding Wedge Pattern.
  • Support at $1,570 USDT level.
  • Resistance at $1,873 USDT level.

Least Likely Scenario: Bearish

  • Possible Retracement to $1,570 USDT level.
  • If the price breaks and closes below the $1,315 USDT level, our bullish scenario will be invalid.
  • Possible double top formation.

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      This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

      Author
      Milko Trajcevski
      Milko Trajcevski

      Milko Trajcevski is a DailyCoin news reporter, mainly focused on Ethereum (ETH), Cardano (ADA), and their founders (Vitalik Buterin and Charles Hoskinson). Milko is an avid follower of crypto and blockchain technology and has written thousands of articles on the subjects. He finds joy in transforming complex issues into written content that anyone can understand. Milko has used and analyzed numerous exchanges, such as Coinbase, FTX, and Binance. He also closely follows all of the latest news around the largest decentralized exchanges (DEXs). Location: Skopje, Macedonia