Eth had a rally over the week and is now currently at a healthy pull back at around discount level of price from the recent swing low to a swing high on the 4HR.
It's now hovering around a demand zone that is being tested as of now. If price creates a bullish structure on the lower time frames (15MIN, 5MIN) in the demand zone, we can see a nice rally up to the bearish OB depicted on the chart or a new high that will confirm the overall structure leading into a uptrend.
It's now hovering around a demand zone that is being tested as of now. If price creates a bullish structure on the lower time frames (15MIN, 5MIN) in the demand zone, we can see a nice rally up to the bearish OB depicted on the chart or a new high that will confirm the overall structure leading into a uptrend.
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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.