Already up 4.5% in the current session, ETH is already looking to continue to the next upside resistance in confluence with the prior analysis on the rest of the market.
Breaking out of the $170 weekly resistance region it does appear we could see the $180 monthly resistance in the next day or 2. A breakout of the month resistance leads us to the $200 key level and from there the $220 major resistance region.
For an added confluence by applying the Fibonacci tool to the A wave on the daily. We can see the upside .27 , .618, and 100% extensions align with precision on the upside levels.
I am currently more bullish on ETH in comparison to BTC because it is lagging behind relatively.
*This is not financial advise, and intended for educational purposes only*
Breaking out of the $170 weekly resistance region it does appear we could see the $180 monthly resistance in the next day or 2. A breakout of the month resistance leads us to the $200 key level and from there the $220 major resistance region.
For an added confluence by applying the Fibonacci tool to the A wave on the daily. We can see the upside .27 , .618, and 100% extensions align with precision on the upside levels.
I am currently more bullish on ETH in comparison to BTC because it is lagging behind relatively.
*This is not financial advise, and intended for educational purposes only*