big picture, ETH is looking strong with a perfect bounce at the intersection of the .618 retracement level and the bottom of the channel.
i think the recent breakout above $3450 means bulls have confidence in a new support level for long liquidations around $2900. with that in mind, i would expect resistance around $4370 (where the prior ATH and new 3x long pressure levels align).
ultimately could see a new ATH and local top around $5800, likely near the top of the channel.
i think the recent breakout above $3450 means bulls have confidence in a new support level for long liquidations around $2900. with that in mind, i would expect resistance around $4370 (where the prior ATH and new 3x long pressure levels align).
ultimately could see a new ATH and local top around $5800, likely near the top of the channel.
Note
also wouldn't be surprised to see a path like this, where we first have a retest of the $3.4K level: 
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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.