Based on what we see, Ethereum is forming an Ascending Triangle Pattern in 4H Timeframe. Could be good for Bullish, because the pattern usually for Bullish Reversal or Bullish Continuation.
The EMA 21,34 and 55 shows a good sign that Buyer are start kicking in, we still need a confirmation close above the Resistance Line before the rally continue.
Also be aware of decline near the Resistance, if the decline happen then we might see another rejection and retest on the Support line.
Disclaimer: This content is not a Financial Advise.
The EMA 21,34 and 55 shows a good sign that Buyer are start kicking in, we still need a confirmation close above the Resistance Line before the rally continue.
Also be aware of decline near the Resistance, if the decline happen then we might see another rejection and retest on the Support line.
Disclaimer: This content is not a Financial Advise.