ETH/USD is entering into a tightening range as we have strong resistance at the 4-hour 100 MA and support from the 50/200 4-hour MA's. With that said, I am leaning bearish in part due to LTC (see my other post for context on this.) Going along with that, the current side-ways range looks a lot like distribution to me; and that could indicate an eventual drop/dump. This is also a contrarian trade as most of the sentiment right now is bullish across the board, and when everyone thinks the same, it means someone isn't thinking.
Strong resistance: 4-hour 100 MA.
Potential zones for the price to drop if it does break down:
-4 hour 50 MA.
-4 hour 200 MA.
-Prior support zone around $125-126.
Moving average guide (All 4-hour moving averages for this post):
10 MA in Orange
20 MA in Pink
50 MA in Green
100 MA in Yellow
200 MA in Red
-This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk.
Strong resistance: 4-hour 100 MA.
Potential zones for the price to drop if it does break down:
-4 hour 50 MA.
-4 hour 200 MA.
-Prior support zone around $125-126.
Moving average guide (All 4-hour moving averages for this post):
10 MA in Orange
20 MA in Pink
50 MA in Green
100 MA in Yellow
200 MA in Red
-This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk.
Note
Tapped the 4-hour 50 MA and held above it for a bit, but we have now broken below it and look primed to test the 200 MA on the 4-hour, if not lower: 
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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.
FTX US: ftx.us/
Sign up for Binance US here: binance.us/?ref=35000668
Sign up for Binance US here: binance.us/?ref=35000668
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.