ETH hit the top of the dotted trendline and the rally came to a stop yesterday. However, today's correction so far was quite shallow which seems to suggest, ETH may resume on the uptrend.
I would not exclude a pullback to $3,000 before a further rally, but that becomes more unlikely if price continues to sit around current levels.
The daily timeframe remains bullish and lower timeframes appear keen to curve back up, so the current price action is promising.
Regardless, chart remains bullish for now until price meets the key resistance at $3,400. Once there best to reasess.
Also, check below my previous idea for ETH and BTC for more context.
Like and follow if you liked my idea!
I would not exclude a pullback to $3,000 before a further rally, but that becomes more unlikely if price continues to sit around current levels.
The daily timeframe remains bullish and lower timeframes appear keen to curve back up, so the current price action is promising.
Regardless, chart remains bullish for now until price meets the key resistance at $3,400. Once there best to reasess.
Also, check below my previous idea for ETH and BTC for more context.
Like and follow if you liked my idea!
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