While looking at a strong market trend (MACD) and feraly high buy index (RSI) ETH still can't decide on what level it want's to stay. After slipping away it fell down a level while trying multiple times to break through the good old 871 $ resistance it has struggles with for some time (Orange)
(ex. 23, 24 feb.) it slipped again and fell down another level at around 848 $. Finally it looks like ETH stepped one back up bounced a couple of times between that harder resistance (Orange) and bounced back off to break it.
Now ETH uses that earlier Resistance as a Support (Still Orange), I think it will fall back through looking at the weak and falling RSI. For now ETH can't decide on what level it wants to be/ stay.
(ex. 23, 24 feb.) it slipped again and fell down another level at around 848 $. Finally it looks like ETH stepped one back up bounced a couple of times between that harder resistance (Orange) and bounced back off to break it.
Now ETH uses that earlier Resistance as a Support (Still Orange), I think it will fall back through looking at the weak and falling RSI. For now ETH can't decide on what level it wants to be/ stay.
Comment:
*ETH fell through, let's see if it gets/ keeps its head above the Orange line.