Ethereum is perfectly touching a macro uptrend (5 touches acting as Support). Price has recently rallied but is currently pausing for breath. Could the uptrend begin to act as resistance? A break above this line would invalidate this thesis. Equally there is a huge resistance zone @ 3,550 - 4,100
And then there is the ATH
So there are a few hurdles in the way of printing a new ATH.
If Ethereum fails to break above the uptrend the fib retracement tool could take price to 1,900 (.618).
The next few days/weeks will give us an indication as to which direction we are headed.
And then there is the ATH
So there are a few hurdles in the way of printing a new ATH.
If Ethereum fails to break above the uptrend the fib retracement tool could take price to 1,900 (.618).
The next few days/weeks will give us an indication as to which direction we are headed.
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.
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.