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21 January 2021

Ethereum Expects to Hit $750 as Price Holds Key Technical Support

Ethereum Expects to Hit $750 as Price Holds Key Technical Support


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Ethereum Expects to Hit $750 as Price Holds Key Technical Support.

Together, both the trendlines give the impression of an Ascending Triangle structure, a technical pattern that traders consider bullish.

Josh Rager, the co-founder of Blockroots.com — a crypto trading education platform, noted that ETH/USD’s consolidation inside the Ascending Triangle pattern raises its possibility to form a higher high.

That serves as one of the main technical reasons why Ethereum could shoot upward.

Meanwhile, the token’s demand expects to shoot upward as more speculators join the Ethereum 2.0 bandwagon.

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