ETH is Weak Under $150 Resistance (1H)
Check out ETH on the 1H timeframe. Since the rebound from the 130s, the price hasn't been able to stabilize above the infamous $150 resistance. As long as ETH is trading sideways under $150, ETH looks extremely weak. I think the traders that went long from 140s will get washed/stopped out, and big buyers will buy in much lower if ETH continues to breakdown. I'm not opening a long unless we break strongly above $150, or we fall much lower.
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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.