Ethereum got close to the Trend Line Resistance of the global correction pattern. The breakthrough of this line would mean a start of the next rising wave.
Given that ETHUSD holds above the 800.0 support, the clash with the Trend Line Resistance will happen during the week. Taking into account low volumes, the price is most likely will not be able to break through this resistance, and will go lower to gain more volumes.
Hence, for the week I expect lateral movement and lowering to the 700.0 - 800.0 zone. Nonetheless, some positive feedback could push the price up, in such case this would be a good place to buy.
Given that ETHUSD holds above the 800.0 support, the clash with the Trend Line Resistance will happen during the week. Taking into account low volumes, the price is most likely will not be able to break through this resistance, and will go lower to gain more volumes.
Hence, for the week I expect lateral movement and lowering to the 700.0 - 800.0 zone. Nonetheless, some positive feedback could push the price up, in such case this would be a good place to buy.
