Hello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Ethereum is actually breaking above a major previous weekly structure area exactly at the psychological
2000
area.
You can also see that weekly market structure is massively bullish, in my opinion the bottom of the bear market was already created so I am now just waiting for a retest of the previous
2000
resistance and then I simply do expect more continuation towards the upside.
On the daily timeframe you can see that Ethereum is up about 10% just the past two days, so I am also on the daily now just waiting for a retest of the previous
2000
resistance which is then turned support and then I also 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 actually breaking above a major previous weekly structure area exactly at the psychological
2000
area. You can also see that weekly market structure is massively bullish, in my opinion the bottom of the bear market was already created so I am now just waiting for a retest of the previous
2000
resistance and then I simply do expect more continuation towards the upside. On the daily timeframe you can see that Ethereum is up about 10% just the past two days, so I am also on the daily now just waiting for a retest of the previous
2000
resistance which is then turned support and then I also 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:
