ETHFI is still hovering around the key S/R zone and trading just below the major trendline resistance on the weekly timeframe.This area has been a strong rejection point in the past, so it’s a crucial level to watch.
If we get a clean breakout and weekly close above this zone, it could trigger a breakout from the long-term downtrend, potentially kicking off a fresh bullish move.
Keep a close eye. A decisive move is coming.
DYOR, NFA
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.