Ethereum (ETH): Sharp Rejection From Resistance

21 באוק׳ 2024

We are seeing a sharp rejection happening from our zone of resistance, where if sellers manage to secure a zone below this resistance, we will see a further movement to lower zones (possibly touching the supportive zone).

Swallow Team

22 באוק׳ 2024

הערה

In a 4-hour timeframe, we had a nice touch to upper zones about what we talked about last week as well.

Now that we had a nice rejection price, we are going to go for the EMAs and test them, where ideally we should see a breakdown!!

If we see a break of EMAs, we will be looking for further downward movement for sure!

23 באוק׳ 2024

הערה

Ethereum is still trading near that zone of turnover where all we can do is wait for a sharp sell-off.

Once we see it, we will start the movement to the lower target zone here, so eyes wide open!!

25 באוק׳ 2024

הערה

Ethereum has made amazing moves this week, where the latest catch is the successful re-test of a broken zone.

As we had a successful re-test, we are now looking for further movement to lower zones to happen during the weekend, so let's see how it will go.

Remember, during the weekends, markets can make unlogical moves so be careful!