Ethusd has been on a bull run for a few months but needs to correct. 150% gain in such a short time without much pullback if any all while reaching the top of the range marked with the red trend line. A push above 300 will be met with overwhelming selling, but we likely will just correct here. This is probably the easiest short I've seen in a while ;). Golden cross on btcusd and upcoming halving has 10k FOMO, bulls are salivating over a shot at the bitcoin ATH. We all see the correlation between ETH and BTC lately so it's going to be follow the leader. Plenty of time for a few rug pulls before halving, don't be a FOMO and sell the pumps and news!
Comment:
224 and 200 for next supports, good place to take profit or enter a long if you are bullish on ETH. I think ETH has some potential for more upside, but cautious of entering atm.