Ethereum (ETH): Waiting For Reaction Near Bounce Zone

Ethereum buyers are trying to break the branch of EMAs where our next point of interest is going to be our bounce zone.

Now ideally we should see a rejection anywhere from now up until that yellow zone, but if buyers dominance increases, we will see a breakout there and a movement towards the $3,800 zone.

So now all we can do is just wait and see how price will react to current zones, with clean breakout or strong rejection...

Swallow Team