I remain a bullish idea on ETH in the new ascending channel but in a smaller timeframe, please aware below:
- $1275 is the important 0.618 fib level
- Sell pressure from order block (white rectangle box)
- Price rejected from the weekly support/resistance $1275
Expect a short-term sell pressure from here and let see if price will bounce from the bottom of ascending channel at $1220.
- $1275 is the important 0.618 fib level
- Sell pressure from order block (white rectangle box)
- Price rejected from the weekly support/resistance $1275
Expect a short-term sell pressure from here and let see if price will bounce from the bottom of ascending channel at $1220.