ETH/USD - Testing local resistance, sideways action expected. 🤣

13 בספט׳ 2021

ETH is hovering just above our local support at $3,000 which would present an interesting entry if you plan to ride this up towards 4K again.

Nevertheless our daily chart is bearish right now, therefore, I would not exclude a clear re-test of our long term support trendline which may provide a better entry just under 3k. I'd be surprised for ETH to lose that support.

So an entry under 3k would be a sweet long opportunity in the medium/long term, especially if ETH will manage to break out of 4K resistance towards the end of the year.

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