ETH IS AT RESISTANCE! POSSIBLE LONG TERM SCENARIO!!

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Welcome to this important ETH update.

Currently, ETH is trading under the $2100 level. As you see in this weekly chart, ETH forming a cup and handle pattern here and trying to break the neckline. Once it breaks the neckline and the weekly candle closes above it ($2150) then we see a massive growth of 80-100% in ETH price.

On the other hand, rejection from here might take us to the lower trendline again ($1600 level) and if this happens then it will be the best opportunity to buy ETH.

So conclusion is we should wait for a clear breakout here or if breakout doesn't happen then buy near the yellow trendline ($1600)

What do you think about this? Share your thoughts in the comments section.

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Thank You!
Chart PatternscorecryptocupandhandlepatternethereumanalysisETHUSDTTechnical IndicatorslongtermresistencesupportTrend Analysisweeklyanalysis

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