if the 4h candle closes lower than725 we go down to 700 support.
Ethereum going to 800 then retrace (maybe not lower than 620) then test ATH
As you can see there is a clear channel established. Support A and B did not keep. We shall see if we bounce from support C. (A,B,C are the horizontal lines... the text is too small). Trade inside channel.
If price remains bullish I suspect this will happen. The problem is it is overbought. Will see what the whales decide. At this price level we have no impact on price. As we can see the volume is similar to last bull run and we can see by the sudden buying volume spike which leat to ATH that the whales influenced the price for profit. Like if you agree.
As we can see in the chart the price continues to maintain between the 2 fib lines and iside the 2 major trend lines. Take no risks until clear confirmation.
Last hour in which we see indecision. Go long if it breaks resistance. Go short if it falls under triangle line. This is not an advice to invest, just saying out loud what I will do.
As long as the price moves inside triangle we are safe. Big resistance on the upside but will fly straight to 0.89 euros.