ETH continued to rise since yesterday but now it could take a little step back. Ethereum formed two supports during its rise, the last one was broken shortly after. We can see a falling MACD and falling market trend.
We could see (too early to say) a newly formed support for ETH to bounce back off (Yellow) during its step back. ETH still broke earlier resistances.
If ETH bounces back up it will probably go after the most recent resistance (Green) but only if people are still interested and buying (MACD and RSI are currenly falling so maybe not for now).
The MACD seems wanting to rise again (too little to really say) but will be interesting to see.
We could see (too early to say) a newly formed support for ETH to bounce back off (Yellow) during its step back. ETH still broke earlier resistances.
If ETH bounces back up it will probably go after the most recent resistance (Green) but only if people are still interested and buying (MACD and RSI are currenly falling so maybe not for now).
The MACD seems wanting to rise again (too little to really say) but will be interesting to see.
Comment:
Seems like it formed a bouncing point just below the previous support (Yellow). Let's see if it breaks through the earlier resistance (Green) :D!