Greetings, TradingView Family! This is Richard, also known as theSignalyst.
Just like BTC, ETH is currently back around the lower bound of the range.
📈For the bulls to take over, it's crucial for ETH to surpass the 1650.0 level. If this occurs, we can expect further upward momentum toward 1700.0 blue supply zone.
📉 Meanwhile, ETH would be bearish, and if the 1600.0 is broken downward, we will expect further bearish movement till the 1500.0
Now, which scenario seems more likely to unfold next, and why?
📚 Always remember to follow your trading plan when it comes to entry, risk management, and trade management.
Good luck!
Remember, all strategies are good if managed properly!