🔥 Ethereum Double Bottom: What's Next?

BINANCE:ETHUSDT   Ethereum / TetherUS
Last week I made an analysis on ETH and the fact that I expected more short-term selling. Both bearish targets have been hit, congratulations if you took the trade.

At the moment, ETH is on a crossroads between a bullish or bearish break out. If ETH fails to break through the purple resistance, we'd most likely retest the fear-lows around $1075. However, if we manage to get a 4H candle close above the purple resistance, I can see us move all the way to $1290.

Be aware that the longer-term outlook for ETH is still bad. So expect any bullish move to be sold off eventually.

🎯Crypto Signals & EXCLUSIVE analyses:

📈Try my Premium Signals for 🚨FREE🚨:

🔥Premium channel & 💎Contact:

💰Lower Your Trading Fees:

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.