Ethereum (#ETH) ๐ฐ 4h Time Frame
The price broke above the upper boundary of the $2,150โ$2,350 resistance zone, after which it faced selling pressure and lost all its recent upward momentum ๐.
In the near future, I expect to see another price reaction from the upper boundary of the $2,350 resistance zone ๐, followed by a continuation of the correction in the local uptrend from $1,936, with the aim of accumulating trend-following buying liquidity.
๐ฏ Correction targets: $2,150, $2,050 and $1,950. Long positions from current price levels are not yet of interest.
P.S. By the end of the reporting period (in two weeksโ time), the fundโs value could easily exceed $7,000, thereby giving false hope that the crypto market will continue to rise.$ETH
The price broke above the upper boundary of the $2,150โ$2,350 resistance zone, after which it faced selling pressure and lost all its recent upward momentum ๐.
In the near future, I expect to see another price reaction from the upper boundary of the $2,350 resistance zone ๐, followed by a continuation of the correction in the local uptrend from $1,936, with the aim of accumulating trend-following buying liquidity.
๐ฏ Correction targets: $2,150, $2,050 and $1,950. Long positions from current price levels are not yet of interest.
P.S. By the end of the reporting period (in two weeksโ time), the fundโs value could easily exceed $7,000, thereby giving false hope that the crypto market will continue to rise.$ETH
