ETH is breaking out a range lasted 268 days (so far) but the volume I see is not peaking despite OBV making an HH. My personaly view on ETH before this break out was that it needed to retest the first support (green zone) but right now to be honest I see two possible ways:
1) if the breakout retests the recently broken resistance zone (purple zone) and this attracts volume price will start flying to reach 2800 area but I don't think this is very likely because my general idea is that the entire market needs to cool down
2) after this liquidity swipe I think ETH will retrace a bit before breaking again. The retracement could stop close into 1900 area
Weekly chart shows as there are no big resistances if ETH breaks out with adequate volume:
I don't trade ETH, this is just for those who find my TA useful
Good luck
1) if the breakout retests the recently broken resistance zone (purple zone) and this attracts volume price will start flying to reach 2800 area but I don't think this is very likely because my general idea is that the entire market needs to cool down
2) after this liquidity swipe I think ETH will retrace a bit before breaking again. The retracement could stop close into 1900 area
Weekly chart shows as there are no big resistances if ETH breaks out with adequate volume:
I don't trade ETH, this is just for those who find my TA useful
Good luck