ETH

13 May 2021

ETH - Reached an ATH and is overbought. Two Doji candles appeared before the bearish engulfing candle coupled with a lot of selling. It retraces to the $3500 levels, and buyers saw this as a good entry. The momentum slowed down but still above the VWAP and nine-day moving average. If ETH doesn't defend $3500, it can quickly see $3000.