ETH has been showing great strength lately and it is very close to retest the previous ATH trendline if the trendline is broken and the ATH resistance area is broken we'll see ETH to the moon. One possible entry that I can see on the charts is longing and buying ETH from the support zone of 0.618 which is marked on the chart, we have a support trendline as a confluence there and also a right shoulder will be formed it we fall into that support zone.
To me it is very likely that we retest this support and that this support send ETH flying towards our TP.
So basically this support can hold the price and if you're into opening long positions, here is a setup for you.
This a very possible trade setup for ETH right now, however, expect it to drop to our entry in a few days because this was done on 4H timeframe, long it when we touch the support area and take it to the TPs and ATH.
I'll keep this chart updated.
Current Market Price: $3600
Good Luck.
If you liked the idea please give like and follow.
To me it is very likely that we retest this support and that this support send ETH flying towards our TP.
So basically this support can hold the price and if you're into opening long positions, here is a setup for you.
This a very possible trade setup for ETH right now, however, expect it to drop to our entry in a few days because this was done on 4H timeframe, long it when we touch the support area and take it to the TPs and ATH.
I'll keep this chart updated.
Current Market Price: $3600
Good Luck.
If you liked the idea please give like and follow.