ETH resistance/support lines are estimates based on daily/weekly candle closes on a macro scale. Between each color representing the next potential resistance range. Lower line being support once in that range and upper line of the same color being the next break out to the next color range. Lets go ETH! This could project a positive uptrend confirmation in my opinion with room for correction dow to the previous color range after a move.
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The Magenta Zone seems to have broken out.
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That went well. HODL
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Correction today. We seem to have been over bought and need to cool off a bit, this is reflecting in the rest of the market at well. At time of this post the market according to Coinbase is down 16.93%. We are holding support on the 6hr and daily at about 1000. Building some steam hopefully to break out of all time high in the near future. The yellow 700-750 range seems to be out next support before 1000 seeing as we blew past the blue range.
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This coil is edging ATH close on the daily above $1400. We are so close to price discovery on the daily. Last week we had the high weekly close ever for ETH. Congrats to ETH and those that invests. HODL is the name of the game for right now. Think about the summer, not tomorrow!