11.3 ETH Market Analysis
Ethereum looks stronger overall than Bitcoin, and going long also offers better risk-reward.
However, the market needs to hold above 2334; otherwise, it will likely continue moving sideways overall.
Death cross on the 5-day/3-day lines; the 2-day timeframe has fallen below the zero line; 12/8-hour divergence is bottoming out.
Hidden divergence on the 6/4-hour timeframes; underwater death cross on the 3-hour timeframe; underwater bottoming on the 15/30-minute timeframes.
Intraday resistance above: 2265, 2283, 2304, 2334.
Intraday support below: 2236, 2172, 2156, 2111.
Ethereum looks stronger overall than Bitcoin, and going long also offers better risk-reward.
However, the market needs to hold above 2334; otherwise, it will likely continue moving sideways overall.
Death cross on the 5-day/3-day lines; the 2-day timeframe has fallen below the zero line; 12/8-hour divergence is bottoming out.
Hidden divergence on the 6/4-hour timeframes; underwater death cross on the 3-hour timeframe; underwater bottoming on the 15/30-minute timeframes.
Intraday resistance above: 2265, 2283, 2304, 2334.
Intraday support below: 2236, 2172, 2156, 2111.
