Ethereum (ETH): Possible Rejection Incoming Near 200EMA

24 Eyl 2024

Ethereum has done a godo 10% movement since our entry from below. But as of now we are approaching a zone of resistance and a possible god place for rejection to happen as well.

We are looking here for the rejection from EMAs to happen but this all will turn tables if we see a full CHoCH to form, which would shoot the price to upper zones of $3,330.

For now, we are looking for a rejection so our attention is there currently!

Swallow Team

24 Eyl 2024

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On a smaller timeframe, we are seeing that the price of Ethereum is approaching yet another important resistance zone where we are intending to see a rejection.

If you take a look at our sharp tren (blue dotted line), you will see it was broken, but if you extend the zone further, you will see we are still bounching on it, so the break was a fakeout.

Taking this into consideration, we are not looking for a sharp break of trend and a good rejection from upper zones to happen so eyes on that now!