Ethereum seems locked in an ascending channel on the 4 HR chart.
Stochastic RSI seems exhausted, RSI is about to go in the overbought zone and MACD looks like it could cross back below signal line before reaching the resistance zone.
4th of July weekend is a perfect opportunity for institutions to buy on the DL.
Look at April 27th levels for reference.
Expect volatility if ETH breaks out of channel.
Resistance zones at $2,650 and $2,900.
Stochastic RSI seems exhausted, RSI is about to go in the overbought zone and MACD looks like it could cross back below signal line before reaching the resistance zone.
4th of July weekend is a perfect opportunity for institutions to buy on the DL.
Look at April 27th levels for reference.
Expect volatility if ETH breaks out of channel.
Resistance zones at $2,650 and $2,900.