ETHUSD at highs: correction or reversal?
ETHUSD has entered a local correction, but its fundamental potential remains intact amid record corporate accumulation of the asset and steady capital inflows into US ETFs. The price currently stands at 2,480.
Technical outlook
ETHUSD remains above the EMA-65, indicating increasing bullish pressure. However, upward momentum is slowing near 2,535 USD, while ETHUSD price action analysis suggests a Triangle pattern is forming.
Despite the local correction in ETHUSD, fundamental demand and the technical picture indicate a high probability of further growth towards 2,725 USD.
Read more - ETHUSD Forecast
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
Sincerely,
The RoboForex Team


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