Crucial area for ETH. Looking to bounce of the trend line and start making HH again. If we do break the trend line to the downside, we will wait and see if we can get back up right away or retest the trend line for a deeper pullback to the downside.
Thats my personal point of view of the market, you should do your own research :)
we agree that its an crucial area for ETH! On the H4, price is moving within an ascending channel in a bullish bias trend. on the shorter term we're bullish bias and looking for a long around 1840 area. If price fails to break the consolidation zone, we're looking for it to rise to the 2000 levels. check out our analysis
SwallowPremium
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Nicely done chart! Thanks for sharing your thoughts!