Ethereum is back at a major resistance zone where we see big similarities with the Bitcoin ETF.
The price is still showing slow bullish signs near the major resistance zone, where there might be one last "push.".
We are now looking for a potential rejection to happen from that zone, which would result in a nice downward movement!! For now, all we can do is wait and keep monitoring!
Swallow Team
The price is still showing slow bullish signs near the major resistance zone, where there might be one last "push.".
We are now looking for a potential rejection to happen from that zone, which would result in a nice downward movement!! For now, all we can do is wait and keep monitoring!
Swallow Team
Comment:
Each candle that opens and closes in red is good for us as it is acting as an additional contraction of the resistance zone.
Now we keep monitoring for one sharp move here!
Ethereum is still showing some pressure with another red candle, which is good for us.
Each candle that opens and closes in red is good for us as it is acting as an additional contraction of the resistance zone.
Now we keep monitoring for one sharp move here!
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If all plays well, this should mark the start of downward movement!