Ethereum (ETH) close to a new record: Last-minute price analysis

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Ethereum (ETH), the second-largest cryptocurrency by market capitalization after Bitcoin, saw $ 1400 today and is now very close to the new record. The cryptocurrency reached $ 1440 on Binance in January 2018 and was a record $ 1420 on exchanges like Coinbase and Bitstamp.

Our price action, which disrupts the OBO pattern formation by making a new peak, may continue its rise to the Symmetric Triangle’s target in the medium term (1705). If the sales pressure comes from the Harmonic Butterfly Pattern formation at the 1464 level, it can complete the Uptrend’s correction in the medium and long term with a retreat from this level to the 1300 level.

P.S: This is not an investment advice

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