Ethereum Price Analysis for March, 6th – ETH Resumed Growth

Ethereum Price Analysis for March, 6th – ETH Resumed Growth

The Merkle

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By Dmitriy Gurkovskiy, Chief Analyst at RoboForex On Friday, March 6th, the ETH is growing smoothly, trading at 235.55 USD. On H4, it may be seen that the decline has corrected the previous uptrend by more than 38.2% Fibo. Now, the quotations have formed a triangular consolidation as a correction of the last descending impulse. Meanwhile, it should be realized that as soon as the quotations escape the consolidation area, they will either continue declining or form a new wave of growth. If the price breaks the resistance level out, the nearest significant goal of growth will be the peak

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