) has been struggling with the $1,680 resistance since Jan. 20. Still, the ascending triangle pattern and improvements in investor sentiment in ETH derivatives provides hope that Ether price could reach $1,800 or higher by the end of February. This, of course, depends on how the Ether price behaves as it reaches the pattern deadline by mid-February.
On the bright side, Ethereum Foundation developer Parithosh Jayanthi announced that the"Zhejiang" public testnet will be launched on Feb. 1. The implementation will allowdata to understand if pro traders are frustrated by the recent price rejection at the $1,680 level.Retail traders usually avoid quarterly futures due to their price difference from spot markets.
Traders will watch to see if Ether bulls are able to keep the price within the bullish triangle formation for the next two weeks, but if the macroeconomic environment allows, ETH derivatives point to a potential rally toward $1,800.
Bear markets provide the greatest accumulating opportunity for those with conviction in bitcoin , but they are the most dangerous for speculators. If you aren’t following michaelwh001 you should be. There aren’t many who have a better understanding of value investing
Fade the call ser, we goin short
Ethereum's positive performance this year and the potential for continued growth is encouraging for investors.
Ok selling all when it reaches 1.8k and buy back again lower
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