ETH/USD is still trading within the descending trendline, but this structure is going to change soon, maybe next month in 2023.
ETH/USD is still trading within the descending trendline, but this structure is going to change soon, maybe next month in 2023.
ETH/USD has nicely broken out of the descending triangle, and it's currently trading at 1327. But it needs to close bullish on the weekly chart to confirm that it has indeed broken out of the descending triangle and for that it needs to conquer the 1450 level on the daily chart.
This congestion may create a new setup and new trading. Whether downside or upside we dont know yet. But definitely it will offer a new trading range.
Further, 2023 will be interesting year for crypto, especially in the second half of 2023