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Two Possible Scenarios on ETH/USD (ETHEREUM)

Ethereum (BITFINEX:ETHUSD)  
ThinkingAntsOk  
BITFINEX:ETHUSD   Ethereum
Trend Analysis Support and Resistance Multiple Time Frame Analysis ETH USD ETHUSD Ethereum (Cryptocurrency) Bitcoin (Cryptocurrency) BTC crypto altcoin
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trendanalysis supportandresistance mtfa eth usd ethusd ethereum bitcoin btc crypto altcoin
4H CHART EXPLANATION:

We observe that Ethereum has been moving sideways for a few days, and now it is facing the Descending Trendline and the Resistance Zone. If this zone is broke, we expect a bullish movement towards the next Resistance Zone. And, in case this zone can hold the price, it may bounce and retest the Support Zone again. Major movements are explained on the higher timeframes below.


MULTI TIMEFRAME ANALYSIS:


-Daily:

snapshot

-Weekly:

snapshot



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