Ethereum has been an ass lately, stubbornly failing to have the anticipated pump after breaking it's ATH.
However, this chart is quite interesting. Previous ATH resistance is now being retested as support. I don't like the overall size of that big red weekly candle. That's usually bearish, but if the previous ATH continues to hold as support, we could be off to the races for ETH.
Only time will tell.
However, this chart is quite interesting. Previous ATH resistance is now being retested as support. I don't like the overall size of that big red weekly candle. That's usually bearish, but if the previous ATH continues to hold as support, we could be off to the races for ETH.
Only time will tell.
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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.