Technical Analysis & Industry Trend ｜ $ETH, $AIXBT, $FAI, $HYPE and more  - May 6th

Then, $ETH technical analysis. The daily chart of ETH/USDT.

The candle bar made the bull breakout against the crossing point between white bear trend line and the green long-term bull trend line.

This is very good.

But usually after these breakout, we will see price correction to rebuild bull momentum again.

Because of the latest bull move, the probability of $ETH hitting $1,100 and $1,250 to complete the bottom formation is getting lower now.

For more detail:

Technical Analysis & Industry Trend ｜ $ETH, $AIXBT, $FAI, $HYPE and more  - May 6th

Then, $ETH technical analysis. The daily chart of ETH/USDT.

The candle bar made the bull breakout against the crossing point between white bear trend line and the green long-term bull trend line.

This is very good.

But usually after these breakout, we will see price correction to rebuild bull momentum again.

Because of the latest bull move, the probability of $ETH hitting $1,100 and $1,250 to complete the bottom formation is getting lower now.

For more detail:
https://orblabs.ventures/108655/