TradingView
DU09
Sep 13, 2021 6:16 PM

ETH/USD - Testing local resistance, sideways action expected. 🤣 

Ethereum / U.S. dollarBitstamp

Description

â‹…
ETH is hovering just above our local support at $3,000 which would present an interesting entry if you plan to ride this up towards 4k again.

Nevertheless our daily chart is bearish right now, therefore, I would not exclude a clear re-test of our long term support trendline which may provide a better entry just under 3k. I'd be surprised for ETH to lose that support.

So an entry under 3k would be a sweet long opportunity in the medium/long term, especially if ETH will manage to break out of 4k resistance towards the end of the year.

Like and follow if you liked this idea!
More