EthereumUpdated ETH Resistance Ahead - Break it or Fake it?
ETH is finally moving and some of the value built on top of it is accruing to the protocol.
The longterm Support/Resistance around 385 is coming up and particularly interesting. If we break it, I suspect the bullish momentum to continue with a target of 800 for Jan/Feb 2021.
In case of stagnation the 385 level could be good short entry, but only as a very short term trade.
The longterm Support/Resistance around 385 is coming up and particularly interesting. If we break it, I suspect the bullish momentum to continue with a target of 800 for Jan/Feb 2021.
In case of stagnation the 385 level could be good short entry, but only as a very short term trade.
Note
ATH target of 1400-1500 up next, perhaps a few weeks.Note
Taking some profits to stable coins for yield farming opportunities.
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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.