ETHUSD analysis
According to the volume analysis of the Nikki algorithm, we expect price to stay in flat trend in range of 1730 and 1755. On the price chart, we can see that the price is located between 1739 and 1744 and more likely for price to break one of that levels.
In the current situation, we assume that the price of Ethereum will go lower after breaking through the level of 1739 with target at 1730.
If price will break 1744 algorithm considering bullish local trend with target at 1755.
Please note that such analysis should not be considered as trading advice. This article is for informational purposes only and shows the logic of Nikki's AI financial market analysis and does not encourage you to trade based on this data. The FOMOdrive administration is not responsible for possible losses on our trading account.
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by Bryan
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