EThereum (ETH) is showing a bullish trend line (LTA), to confirm such a trend, the LTA can not be passed downwards, ie it is necessary that the buying force appears again and the barrier is not exceeded. It is quite likely that tomorrow we will have this definition with the formation of a new candle.
We must keep in mind that, like other currencies, the Ethereum faithfully depends on what is happening with Bitcoin, that is, negative influences on Bitcoin can lead Ethereum to smaller values and exceed the LTA that is being indicated. If this occurs, it does not indicate the end of the existence of an LTA, but for us to have a confirmation faithfully it is necessary that it is not exceeded.
Very good analysis. ill be checking for more. kindly follow back
Thank you! I will follow you.