ETH - Critical Zone 👀 Again!

Hello TradingView Family / Fellow Traders,

As per my last analysis, ETH rejected the $3000 support and traded higher.

What's next?

Scenarios:

1️⃣ Bullish - Continuation

For the bulls to maintain control, a break above the $4,000 - $4,100 is needed.

In this case, a movement towards the $4,500 resistance would be expected.

2️⃣ Bearish - Correction

Meanwhile, the bears can still kick in for a correction towards $3,500 where we will be looking for new short-term buy setups.

Which scenario is more likely to happen first? and why?

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Richard Nasr