ETH - Unable to capture 1690
Updated
ETH has been unable to capture 1690 and is now being pinched between the 50 and 200 SMA . I'm unsure of which way it will head but if it does go up, could be quite the move if it can clear the long term trendline and the 50 SMA .
Note
ETH is still unable to capture 1690 but we are reaching a critical point at the convergence of the uptrend I think it is in and the bear market resistance it has been under since November of 2021. It is just under the 50 SMA now and if it can break that, I think we could see a move toward 2000$.
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