Although Ethereum could not take away its market dominance from Bitcoin, we saw the reverse head and shoulders target with a much more agile move than BTC due to the scissors movement and tested the $ 1880 level yesterday. It is stated that before the Berlin update, which is expected to be completed on 14 April in Ethereum, the system improvement, called Optimism, will be completed. With the elimination of network density and scaling problem, we think that the Ethereum network will come to the fore again. However, there was a remarkable increase in the number of ETH staking validators in prices that dropped below $ 1400 in the past days. In summary, this region has been locked down by seeming cheap forward, with 3% of the ETH supply currently locked.
When we consider ETH / USD technically, the reverse head and shoulders target was seen in the range of $ 1880-1890 and ended. The two uptrends it has created and the transaction volume averages of the last days support the rise. The $ 1755 level, which coincides with the Fibo'61.80 level, and the $ 1650 level where the uptrend has passed, are in support. Although there is a horizontal course for now, the reactions it finds from the supports can be evaluated. The outlook is positive.
PLEASE CONSIDER! These are all my personal expectations, ideas or opinions and they are not an investment advice.
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