After a huge pump! ETH is not seeing some relief. ETH is still very bullish , but we may test some critical support areas.
MACD makes a bearish crossing as last 12H candle closed. We can expect to a downwards trend to the 760 - 800 support cluster area.
EMA50 holding strong and is acting as support. If we break this level we can expect to fall even harder, instead of trending down.
I consider ETH to be strongly bullish until we close 1D or 12H candle below $759.
We can expect to see buying activity once we start testing those support zones. Then from there we can possibly re-attempt to climb back to ATH .
MACD makes a bearish crossing as last 12H candle closed. We can expect to a downwards trend to the 760 - 800 support cluster area.
EMA50 holding strong and is acting as support. If we break this level we can expect to fall even harder, instead of trending down.
I consider ETH to be strongly bullish until we close 1D or 12H candle below $759.
We can expect to see buying activity once we start testing those support zones. Then from there we can possibly re-attempt to climb back to ATH .