ETH/USD is in a bullish trend on 1H and bearish trend on 1D. The price action is currently testing an important resistance zone with a confluence of:
Expecting bears to push prices lower towards 50% Fib.
- Falling Resistance (1D)
- Horizontal Resistance (1D & 1H)
- Bearish Candlestick pattern
- AB=BC harmonic pattern
- Fib being respected between 23% and 50%
Expecting bears to push prices lower towards 50% Fib.