GAEA Investment Research Center — Expectations to test on resistance zone above 7500–7600, if a bullish upside market is continued and maintained in short term.

Overnight, the BTC continued to maintain its bullish upside, at this week’s highest spot. Currently in Asia’s morning, the highest price is $7,725, and the short-term continues to rise.

On the trend, the upside 7500–7600 USD vicinity is facing a downward trend. Based on the structure (pattern), the probability of a breakthrough in an upward direction is small and the trend is hindered (obstructed). Hence, a cautious view of the current rebound is recommended. Driven by the rise of BTC and its following rhythm, ETH rebounded to regain this week’s declination.

Source Date: September 2, 2018