ETH - Critical Zone 👀 Again!

KUCOIN:ETHUSDT   Ethereum / Tether
Hello TradingView Family / Fellow Traders,

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

What's next?


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

Trading Made Simple; and Rule-Based



Best CFD broker

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.