Hello Traders, welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe Ethereum just retested and rejected a quite obvious previous weekly resistance area and is now approaching a previous weekly support zone. However we are also having a bullish weekly ema crossover and just recently created another higher high, so I am now just waiting for the market to retest the next support zone before then starting the next push towards the upside.
On the daily timeframe you can also see that we are about to retest a previous daily support area, so I am now just waiting for the retest and some bullish confirmation before I then do expect the next push towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset: