Tips for traders, 8 June 2021
In his recent interview, Vitalik Buterin finally spoke about why it took so long to implement Ethereum 2.0. According to the interview, the delay was also shocking for him because the main issue was not development but with humans, which he referred to as ‘internal personnel issues’.
From a technical perspective, Ether has formed an ascending triangle. As this pattern was broken today, there is a potential downside. The first potential target from the pattern is around $1,436-1,730. If the price closes below $2,170, there might still be another drop to $1,436-1,730. However, if the price closes below $2,170, it may form what looks like a double top, the target from which being as low as $1,470-1,545. Meanwhile, remember to manage risk correctly and trade responsibly.