Ethereum (ETH): Price Approaching Resistance / Possible Sell?
Ethereum has bounced back nicely and is now approaching the resistance zone, a level where we’ve historically seen pretty good rejections.
Given the substantial upward push without any correction on this timeframe, we’d say this is an ideal spot for a healthy pullback. We’ll start watching closely for potential downward movement from here soon!
P.S. – Keep an eye on the RSI as well!
Swallow Team
Given the substantial upward push without any correction on this timeframe, we’d say this is an ideal spot for a healthy pullback. We’ll start watching closely for potential downward movement from here soon!
P.S. – Keep an eye on the RSI as well!
Swallow Team
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Price has fallen nicely here and still keeps on falling further towards our second CME gap. As we recently broke the bullish trend (while going for the first CME gap), we are now seeing some kind of re-test attempts.
We are looking for further movement from here to lower zones, so eyes on the second CME!
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