$ETH Currently caught in between some big levels.
Right on the big .618 Fibonacci retracement level and the Daily 200MA.
But the Daily 200EMA and $2350 horizontal area have been causing trouble.
You'd want to see a move back above $2350 for a proper sign of strength that the bullish momentum is back. Below, that ~$2150 level is key otherwise this just keeps bleeding lower and starts giving back a lot of that breakout candle.
Would recommend to play this level by level to not get chopped up in the middle.
#ETH #DYOR
Right on the big .618 Fibonacci retracement level and the Daily 200MA.
But the Daily 200EMA and $2350 horizontal area have been causing trouble.
You'd want to see a move back above $2350 for a proper sign of strength that the bullish momentum is back. Below, that ~$2150 level is key otherwise this just keeps bleeding lower and starts giving back a lot of that breakout candle.
Would recommend to play this level by level to not get chopped up in the middle.
#ETH #DYOR
