ETH - At an Important Level
Right now Eth is battling this white trendline that has proven to be significant. It acted as support many times (green arrows) before retesting it as resistance and falling to 2,150. We have currently pumped right to it and will see if it continues to act as resistance or if we can break above and flip it into new support.
Also, the 4H RSI is at the key 60 level (red line) it has acted as some local tops, or we could see it reach 70 (overbought) before looking for that reversal.
Right now use caution.
Also, the 4H RSI is at the key 60 level (red line) it has acted as some local tops, or we could see it reach 70 (overbought) before looking for that reversal.
Right now use caution.
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