πββοΈEthereum has been moving in an Ascending Channel for over a year.
πββοΈAt the moment, Ethereum is moving near the π΄Heavy Resistance zone($3,580_$2,960)π΄ and the upper line of the ascending channel, which we can see the reaction to this zone well in the daily candle.
π‘Also, between two consecutive peaks, the Regular Divergence(RD-) between Volume and Price is clearly visible.
π‘Since the Market Cap USDT Dominance% (USDT.D%) is moving in the π’Heavy Support zone(5.35%-4.90%)π’ and has shown a good reaction to the Support lines and there is a Regular Divergence(RD-) between two successive valleys, it is expected that the USDT.D% will increase at least up to the Resistance line, which can help to correction on most of the tokens.
πI expect Ethereum to decrease at least to the Uptrend line and if this line breaks, it can also fall to the π’Heavy Support zone($2,160_$1,720)π’, otherwise it will attack the π΄Heavy Resistance zone($3,580_$2,960)π΄ again.
βοΈβ οΈNoteβ οΈβοΈ: An important point you should always remember is capital management and lack of greed.
Ethereum Analyze ( ETHUSDT), Daily time frame β°.
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