๐ฅ Ethereum Facing Resistance At All Time High
Around a week ago, I made an analysis on ETH. In this analysis I argued that the Head & Shoulders pattern was very bullish and making its way to $4k.
In the end, ETH managed to push further towards the ATH around $4375. I was waiting with an analysis to see what the price did in case we faced some resistance.
The ATH is a very strong resistance. Bitcoin made a new ATH yesterday, but ETH failed to do so today, launching the price downward.
In the worst case scenario we're going to re-test $4k in the coming few hours. Not expecting a stronger bearish move anytime soon.
In case you're looking for a nice shorter term entry, keep an eye on the $4k level.
Happy trading!
In the end, ETH managed to push further towards the ATH around $4375. I was waiting with an analysis to see what the price did in case we faced some resistance.
The ATH is a very strong resistance. Bitcoin made a new ATH yesterday, but ETH failed to do so today, launching the price downward.
In the worst case scenario we're going to re-test $4k in the coming few hours. Not expecting a stronger bearish move anytime soon.
In case you're looking for a nice shorter term entry, keep an eye on the $4k level.
Happy trading!
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