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ETH Price

Ethereum price continues to build up the uptrend structure confidently. There has been a significant increase in demand around 200.Thisallowedthepricetostayafterthebreakdownofthekeylevelatthe200. This allowed the price to stay after the breakdown of the key level at the220 area.
An upward trend from 176willcontinueuntilitsstructureisbroken.Breakingitwouldmeanthattheadvantageiswiththebears.Atthemoment,itmighttakeplaceataround176 will continue until its structure is broken. Breaking it would mean that the advantage is with the bears. At the moment, it might take place at around210. If a large buyer keeps his positions at this trend, then after a pullback to this zone, we’ll see a rebound and the growth will continue. Otherwise, Ethereum price will form a downward turn.ethereum.png

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