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apaininthecass
May 23, 2021 5:26 PM

zoom out! pt 2 Long

Ethereum / U.S. dollarBitstamp

Description

Last seen on the weekly support and resistance lines, the previous all the high area is a crucial point right now. We’re currently swimming in those waters, and whether or not this area serves as support or resistance is the waves we’re watching closely. So far today, we’re staying above. Let’s hope it stays that way!

Here on the 1D chart, we see the 200 eRMA overall trend line has been touched. As long as we bounce upwards, combined with the previous ATH flipping to support, AND that technical analysis combined with more FA/news like upcoming changes to Ethereum 2.0/EIP 1559 and energy conservation? DTH actually may look good.
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