#ETH If briefly, the main goal for Ethereum right now is to return to the June volume profile and consolidate inside it on a higher timeframe. Ideally, we’d like to see a picture like the one in the circle.🌞☕
If that doesn’t happen, everything looks rather bleak.😴🍺
+update: Ether got a fat bream from the shorters’ limit orders just above $1600 and fell out of the volume profile.
Possibly, next a triangle with a split of VAL will form.
In any case, to continue the price growth, it will need to break through the downward-sloping trendline.
If that doesn’t happen, everything looks rather bleak.😴🍺
+update: Ether got a fat bream from the shorters’ limit orders just above $1600 and fell out of the volume profile.
Possibly, next a triangle with a split of VAL will form.
In any case, to continue the price growth, it will need to break through the downward-sloping trendline.