$ETH Price Prediction 05/10/2022
Ethereum / U.S. dollar BITSTAMP:ETHUSD
Price still holding under long-term trendline after an attempt to flip 2375 critical.
In turn, we did not receive a bullish piercing off D1 close and could potentially be subjected to further correction.
This may result as consolidation within the two short-term critical price lines in the form of another triangular pattern.
If MACD diverges off a bullish breakout then we could push above LT trendline and 2500 (depending on gap size). The goal would be to merge back with ST trend.
If a bearish breakout occurs there’s a good chance we could dip below 2k. Expected support would be around 1700-1800.
