ETH STILL AROUND A STRONG RESISTANCE ZONE

15 Mar 2023

Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX

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ETHUSDT QUICK UPDATE

As we mentioned last analysis, price is still around a resistance zone, where we are still speculating a bearish reversal.

Meanwhile, as we mentioned from the previous analysis, 2 possible scenarios.

1- For the bulls to kick in and remain in control we need a break above the resistance and previous major swing highs.

2- However, for the bears to kick in from a short-term perspective we need a break below the marked swing low

Then a further movement lower again would be expected.


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and as usual follow your trading plan and manage your risk.

Be patient and good luck!