A hold at 3k/200EMA pushes 
ETH well above critical resistance as another bullish wave hits the market.
Current resistance is around 3100-3150 which was previously marked as tentative; 3200-3250 is likely where we'll see next critical or neckline range.
From an overall view, I noticed many coins spot double-bottom possibilities or potential corrections where prior necklines will be or have been hit. We may see retraction back to 2/03 prices (general prediction). ForETH this would mean somewhere around 2600 although the long-term trendline (solid purple) is a better estimate imo.
ETH well above critical resistance as another bullish wave hits the market.Current resistance is around 3100-3150 which was previously marked as tentative; 3200-3250 is likely where we'll see next critical or neckline range.
From an overall view, I noticed many coins spot double-bottom possibilities or potential corrections where prior necklines will be or have been hit. We may see retraction back to 2/03 prices (general prediction). For
ETH this would mean somewhere around 2600 although the long-term trendline (solid purple) is a better estimate imo.
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Disclaimer
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.