Another slight push for 
ETH but likely just a part of the previous short-term recovery phase.
Resistance was met at the solid black trendline which was around the high of the initial breakout (between solid blue and yellow).
A dashed blue line was added off the prior support low to further signify this hold.
From here I still believe we see a drop to 3k (low of ~2950) before a real attempt at reversal occurs.
Dipping into the next long-term zone (solid black lines parallel to purple line) would be an indication that we could dip even further and label this cycle as overall bearish.
ETH but likely just a part of the previous short-term recovery phase.Resistance was met at the solid black trendline which was around the high of the initial breakout (between solid blue and yellow).
A dashed blue line was added off the prior support low to further signify this hold.
From here I still believe we see a drop to 3k (low of ~2950) before a real attempt at reversal occurs.
Dipping into the next long-term zone (solid black lines parallel to purple line) would be an indication that we could dip even further and label this cycle as overall bearish.
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Related publications
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.