Ethereum (ETH) Technical Analysis 24 July 2018 - Price Following Bitcoin?
Ethereum is going up following an up-channel that started at the beginning of the month. Is it going to follow Bitcoin's rally? I don't think so. The price is still in the lower part of the channel and we have no reason to believe that a new will be formed very soon on the market.
I keep my bullish outlook, but I don't expect to see the price over $520 very soon.
Indicators are also slightly bullish.
Follow me: @forex-intraday
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