Bitcoin is up 18% as almost all altcoins correlate with bitcoin, taking all other coins with them, Ethereum is no exception, it is up more than 10%. And it is now trading near the key $2,382 level.
There are potentially 2 possible scenarios:
- The first scenario - the price breaks the $2.382 level, makes a false break, and goes down.
- The second scenario is that the price squeezes near the upper boundary of the key level, breaks it, retests the key level as support, and goes higher.
Write in the comments all your questions and instruments analysis of which you want to see.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade