#ETHUPDATE - 3.7.21
Expected move up with BTC breaking out although moving slightly differently. We are still trading on the under side of a key resistance trend line. A break out could help see some huge movement up - current also trading with in a big double bottom pattern on the daily.
We are in a short - term upward channel and these can often be quite bearish when a key resistance is hit so expecting making it $2230 region before a pretty notable rejection. There is a potential bearish H/S in play too although it is a little loose although if that plays out the we could see a drop back to 2k which aligns with the longer term descending triangle pattern.
Just be a little careful for you longboys on ETH atm.
My short term play with ETH right now is to look to long to $2220 and then aim to short to $2150.
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