Ethereum’s price continues forming a sideway movement. The longer the flat, the more powerful will the following trend be.
When should we expect the flat to end?
Ethereum’s price has bounced off the bottom limit of the flat. There was no fortification, so the direction is still ambiguous.
Until a fortification at either limit of the flat happens, Ethereum’s price will most likely keep bouncing off them. In turn, a fortification will display which side has the advantage and a trend will begin.
For a turn to growth, Ethereum’s price has to fortify and form a turnaround at the top limit of the flat, which is $7.8.