Tick tock, time is running out for Ethereum!
ETH is compressing tighter and tighter on the 2 hour chart and needs to make a strong move above the 707 area. If it fails to do so, then 640 is likely its next resting point followed by 610. If ETHUSD can make the move above 707 then 740 is where you will likely see your first batch of sellers. Initial stops would be placed around 680 for position sizing purposes on a move above 707. Main trend level is still 676.40.
Best of luck everyone!
Best of luck everyone!
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.