In high time frames ETH is retesting previous strong resistance which acting as support now
We also have uptrend line still valid and not broken since march 2020 ! Price can drop more to test uptrend line no problem with that ,As long as we hold above these support levels we are simply bullish
Note1: ETH usually follow BTC Note2: market turned from greed to fear which is a good sign for bulls
Being that ETH is so coupled to BTC, my inclination is to keep a close eye on BTC on the longer time charts; we could be in the TR of a Wyckoff re-distribution pattern potentially developing, and if so, there could be another major selloff/correction.
Thepowerofcryptocurrency
⋅
@cometflight through but I can’t help but argue the essence of eth in the modern. Crypto world
kryptoniner
⋅
Greed to fear is bullish? In what universe?
gautuwuu
⋅
@kryptoniner change your opinion before you buy the top of a bull market😅