ETH is still following BTC's lead as it also dived down took liquidity from buyers then moved aggressively upwards after retesting the 2h demand zone and leaving a 1h demand zone behind. MACD also not showing clear indications but a clear bearish divergence on RSI in seen that could result in price testing the 2h supply zone and getting rejected, we would then expect price to test the 1h demand before continuing it's upward movements. We're still waiting for more confirmations, overall price should break the resistance at $3,170 in order to stay bullish.
ETH is still following BTC's lead as it also dived down took liquidity from buyers then moved aggressively upwards after retesting the 2h demand zone and leaving a 1h demand zone behind. MACD also not showing clear indications but a clear bearish divergence on RSI in seen that could result in price testing the 2h supply zone and getting rejected, we would then expect price to test the 1h demand before continuing it's upward movements. We're still waiting for more confirmations, overall price should break the resistance at $3,170 in order to stay bullish.