Does Ethereum show strength or is it preparing for a reversal?
For already a month, ETH has been carving through the level around 2500$ and hasn't gone above it since the beginning of February this year. At the moment, the price is showing strength and is aiming for the 2800-2900$ range, where the MA100 on the weekly time frame will be waiting for it. Once this range is broken, the road could open up toward 3300$-3600$ to the first resistance levels.
This is not investment advice to buy or trade—just my view of the current picture on the chart, without taking any news factors into account.
I’d be happy to hear your opinion in the comments... 👇
For already a month, ETH has been carving through the level around 2500$ and hasn't gone above it since the beginning of February this year. At the moment, the price is showing strength and is aiming for the 2800-2900$ range, where the MA100 on the weekly time frame will be waiting for it. Once this range is broken, the road could open up toward 3300$-3600$ to the first resistance levels.
This is not investment advice to buy or trade—just my view of the current picture on the chart, without taking any news factors into account.
I’d be happy to hear your opinion in the comments... 👇