ETH - Needs to Bounce
If you want this uptrend to continue ETH needs to hold this level as new support. the $2,150 level is extremely important as it was our old resistance and right now is trying to be tested as new support. Currently we have a double bottom around the $2,150 level and 4h oversold conditions. As long as we can continue to close candle bodies above this level alts can continue to rise.
But this is only based on the charts. CPI comes out tomorrow which could have an effect on price. On Wednesday Powell speaks wh9ich could also affect price. Be aware of these news events and play accordingly.
But this is only based on the charts. CPI comes out tomorrow which could have an effect on price. On Wednesday Powell speaks wh9ich could also affect price. Be aware of these news events and play accordingly.
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