I'm bullish mid-term and long-term on $ETH due to the merge, but short-term price action could be affected by CPI data tomorrow.
The market is definitely holding its breath today.
Red horizontal line is major resistance as it is the 2x long MPL and 1x short MPL converging. Breaking above this would be very bullish. Meanwhile, we're trying to make support on top of the downtrend line. A failure to hold this support level could result in short-term downside.
The market is definitely holding its breath today.
Red horizontal line is major resistance as it is the 2x long MPL and 1x short MPL converging. Breaking above this would be very bullish. Meanwhile, we're trying to make support on top of the downtrend line. A failure to hold this support level could result in short-term downside.