ETH Daily Candle BreakdownFor those of you following my ideas recently know that I am very bullish on ETH. This is primarily based on my previously conducted Volume study. link below
That being said, Ethereum just closed a daily candle below a multi-week trendline. Just about 2 weeks after the VPSI showed complete buyer exhaustion on the daily at about $250.
These signs lead me me to believe that IF ETH fails to reclaim this trendline, a larger pullback may occur within the next couple days.
Overall I wish to remain bullish on ETH.
Therefore posted this as a Long, and have shown possible support levels on the chart above.
Be sure to check out my Ethereum Volume Analysis on why I think the bottom could be near & my Long Targets!
I hope you all found this idea interesting and maybe even a little helpful!
I wish you all the best of luck!
