ETH is facing enormous weekly resistance
ETH/USD looks very weak at weekly chart, having enourmous rejection at $4500.
MACD looks weak too, there's a small divergence on weekly chart which is a sign of weak bulls.
I expect ETH to retest $4400 zone in next week candle. After very possible another rejection I expect it to collapse down to $2800, where it definitely finds some support.
The possible fall could lead down to $1750 zone.
P.S. weekly candle closes in 12h. We'll see how it closes.
MACD looks weak too, there's a small divergence on weekly chart which is a sign of weak bulls.
I expect ETH to retest $4400 zone in next week candle. After very possible another rejection I expect it to collapse down to $2800, where it definitely finds some support.
The possible fall could lead down to $1750 zone.
P.S. weekly candle closes in 12h. We'll see how it closes.
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