Hi everyone,
As you see on the chart, Ethereum is still in the big downtrend channel and needs to break ~$2100 to confirm the new bullish move.
Everything is in the lineup for the merge event. It can be bullish until the merge and retest $2030 and even higher ~$2100 but for the new bullish move confirmation, it needs to break ~$2100 with a high volume. If it can't break the resistance, there will be a big crash towards the new local low.
Please hit the boost button if you agree and tell me what you think.
Thanks
As you see on the chart, Ethereum is still in the big downtrend channel and needs to break ~$2100 to confirm the new bullish move.
Everything is in the lineup for the merge event. It can be bullish until the merge and retest $2030 and even higher ~$2100 but for the new bullish move confirmation, it needs to break ~$2100 with a high volume. If it can't break the resistance, there will be a big crash towards the new local low.
Please hit the boost button if you agree and tell me what you think.
Thanks
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Related publications
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.