ETH continues to hold above 3k as we make another attempt in breaking 3200-3250 resistance; this pattern has now been highlighted with support acting similar to the prior.Another correction is still very possible, however (imo) maintaining the current consolidation zone until we pass 3k pattern could finalize a bullish breakout. This is based off the assumption that we prevent D1 crossover and trigger weekly.
Areas of support remain the same as yesterday's post; 3k -> pattern -> ~2800 (actually 2850-2750) -> 2600 or long-term trend -> 2400. The only addition is the new pattern which would find support before 3k.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.