$ETH Is Respecting That Trendline And Will Be Tested Again
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The allegations of not garnering enough inflows when compared with btc, ETH has been at the receiving end recently. The biggest reason for worry would be surpassing $2800 which has been shaping a narrative about ETH being dead. Also the consolidation has been long enough with the $2500 level being a crucial pivot point.
But we have some positives such as the formation of higher lows on the daily charts with that trendline support. If it breaks below we are heading straight to $2300 again. A support would send it to retest $2500 and if broken would be heading towards$2600.
Once the barrier of $2800 is broken ETH will be eyeing towards the crucial milestone of $3000. And then there will be no looking back.
But expect some volatility in the days ahead as we're only 3 days away from the U.S. elections. Things will become really interesting when the new President takes the chair. Irrespective of that crypto will still have its Bull run and the one worth remembering.
