Lots of folks are talking like it's a bear market. To try and test this, I drew a line of resistance off of recent highs, starting with the ATH
and then the next highest bounce up. Just now Ethereum
is testing the weight of its Ichimoku cloud
. Feels like we are poised at a decision point—look how closely it bounced off of that Resistance line at the 15 minute mark! I drew those lines from the 1HR and they are still holding. Keep a sharp eye on this one.