ETH is generating some visible volumes and has bounced back since the dip of 1800 lvl. As of now, in 4HR Time-frame we can see a clear formation of Falling Wedge which can give a breakout to the upside and take the prices to the mentioned lvls in green and for that to happen the bulls have to make sure it surges out of the "diagonal-breakout-zone" (in white) with strong volumes.
Keep in mind that this can turn out as BULL TRAP as the POC is at $2149 lvl and breaking this lvl is very important and another factor is BTC's price action which can surely mess with ETH's price action if BTC faces difficulty breaking the resistance zone ($33k - $33.5k).
DYOR
Keep in mind that this can turn out as BULL TRAP as the POC is at $2149 lvl and breaking this lvl is very important and another factor is BTC's price action which can surely mess with ETH's price action if BTC faces difficulty breaking the resistance zone ($33k - $33.5k).
DYOR
Yorum:
It never crossed the breakout zone and followed the red arrow.
