Interesting to see if this plays out. ETH and all cryptos have been lower timeframe bearish for some time now. We see a clear impulse down and we are seeing a third touch rejection of a potential triangle continuation pattern. Volume behaviour indicates consolidation and we can see a market inefficiency gap at the 1,850$ level. If price reaches those levels, it may also be a good place to load up with more ETH since the overall long term trend remains bullish.
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.