Hello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Ethereum is about to retest a massive previous weekly structure area exactly at the psychological $2000 area which was quite strong resistance in the past.
You can also see that Ethereum recently broke out of a symmetrical triangle and weekly market structure is overall bullish, so I actually do expect a break above the $2000 area and then just more continuation towards the upside.
On the daily timeframe you can see that Ethereum has been ranging for the past couple of days, I am now just waiting for a break above the daily resistance area, followed by a retest and then I do expect more continuation towards the upside from a daily perspective.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Ethereum is about to retest a massive previous weekly structure area exactly at the psychological $2000 area which was quite strong resistance in the past.
You can also see that Ethereum recently broke out of a symmetrical triangle and weekly market structure is overall bullish, so I actually do expect a break above the $2000 area and then just more continuation towards the upside.
On the daily timeframe you can see that Ethereum has been ranging for the past couple of days, I am now just waiting for a break above the daily resistance area, followed by a retest and then I do expect more continuation towards the upside from a daily perspective.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
🤑 I have very simple but strict trading rules!
👉 I share everything live for free: t.me/basictradingpublic
🔥 If you need personal 1-1 help: www.basictrading.net
👉 I share everything live for free: t.me/basictradingpublic
🔥 If you need personal 1-1 help: www.basictrading.net