close eye on the price action

2 Feb 2023

ETHUSDT is currently in an accumulation phase below the weekly resistance level of 17000 dollars, indicating that the price may be consolidating before moving. It's possible that traders are waiting for a price breakout above the resistance, which could indicate that the uptrend will continue and that a new high will be confirmed. According to Plancton's strategy, we are able to set a nice order because it is essential to keep a close eye on the price action and effectively manage risk when trading. The next target could be around 1750 to 1800.