$ETH IS ABOUT TO MAKE A BIG MOVE ?
$ETH is getting really tight on the 4H chart right now.
We have a symmetrical triangle forming. Basically, the price is moving between two trendlines — the top one is coming down, while the bottom one is moving up.
So ETH is getting squeezed into a smaller area.
If ETH breaks UP 🟢
A strong 4H candle close above the upper trendline could be a bullish sign. If buyers take control, the $3,000 area could come into focus.
If ETH breaks DOWN 🔴
If price loses the lower trendline and closes below it, the bullish setup is weakened and we could see more selling pressure.
$ETH is getting really tight on the 4H chart right now.
We have a symmetrical triangle forming. Basically, the price is moving between two trendlines — the top one is coming down, while the bottom one is moving up.
So ETH is getting squeezed into a smaller area.
If ETH breaks UP 🟢
A strong 4H candle close above the upper trendline could be a bullish sign. If buyers take control, the $3,000 area could come into focus.
If ETH breaks DOWN 🔴
If price loses the lower trendline and closes below it, the bullish setup is weakened and we could see more selling pressure.
