Ethereum (ETH): Smaller Re-Test Incoming!

kemarin

Ethereum had a good bounce from the local bullish trend on lower zones, which also broke a smaller resistance zone (on smaller timeframes).

Although our gameplan for ETH is to buy it all the way until ATH, we are seeing currently a possibility of a smalelr re-test to form, which would drop the price of ETH by 10–15%.

So keep that in mind, as this is a good opportunity to DCA the ETH and buy with smaller margins in!!

Swallow Team

kemarin

Catatan

Ethereum has almost filled the first CME gap after sellers showed dominance on upper zones, forming a good resistance zone right there.

Now that we see that sellers are slowly taking over here, our gameplan is simple: we seek a re-test of the local broken zone near EMAs, which would be a good zone to bounce back up!

1 jam yang lalu

Catatan

Ethereum still needs to test that broken zone near $2,800, where price is slowly heading as of now.

This could be a good zone to DCA the ETH coin and catch the movement to lower zones but this all will be invalid if they break that upper resistance zone and bulls take over that zone.

So for now we want that 2800 zoen to be reached and after that we should see a slight upward movement so let's see!