ETHUSD Futures (ETHUSD! ), H4 Potential for Bullish ContinuationTitle: ETHUSD Futures (ETHUSD! ), H4 Potential for Bullish Continuation
Type: Bullish Continuation
Resistance: 1774.90
Pivot: 1652.00
Support: 1605.52
Preferred case: Looking at the H4 chart, my overall bias for ETHUSD! is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price to continue heading towards the resistance at 1774.90, where the intermediary high is.
Alternative scenario: Price may head back down to towards the support at 1605.52, where the previous swing low is.
Fundamentals: There are no major news.
