The ethereum cryptocurrency quotations, like all major cryptocurrencies, is currently in the phase of recovering from strong declines that we could observe earlier this month. At the moment, we are approaching the first important resistance, which is located in the price region of $ 900.
In the event of breaking the indicated resistance, we can expect a continuation of increases, with another target area in the region of 1000 dollars. It seems that the price will not be indifferent to this psychological level, which should give at least short-term reactions.
From the point of view of the H1 interval, we can determine the formation of a rectangular triangle, which increases the probability of northing and the $ 900 test.
Risk Warning: The content of this analysis is for informational purposes only and does not constitute investment advice.