Ethereum (ETH) Technical Analysis HardFork Targets?
Here is the technical analysis (TA) of the second largest cryptocurrency Ethereum (ETH).
Ethereum formed a symmetrical triangle and we may see a breakout of the symmetrical triangle.
Ethereum has formed the same pattern in Sep-Nov 2018 and then fake breakout happens and after that, a sudden dump is seen that brings the price from $220 to $83 in the next month.
Ethereum may again fake breakout the symmetrical triangle and has a strong resistance zone at $151-$163.
Ethereum may reverse from these levels and the red lines work as support. The first support is at $120-$122. If Ethereum unable to hold these support levels it may further down to the next support $98-$101.
Ethereum has major support at $83-$88 if these levels break we may see a heavy blood bath in Ethereum.
Ethereum has strong fundamental news at the end of the month. The infamous Ethereum Constantinopole Hardfork is delayed to happen on 27 Feb. There is a probability that this hardfork may also delay.
Ethereum is a very good coin for long term investors and may give up to 10x returns in the next bull run.
