Should you buy and HODL Ethereum?
The answer is... no and yes.
Ethereum is stuck between the 50 EMA/20 SMA weekly and 10 SMA weekly.
Blue line vs. Orange line. Price will stay between these ranges till one of them breaks. Bias is to the upside. The range on weekly is pretty wide. Between 240 high-side and 196 low-side.
The entry is simple, long if price comes back down to touch the 10 SMA weekly. Short if price touches 50 EMA/20 SMA weekly. Use stop-losses. Anything above or below those pivot point is a turn in the market for Ethereum .
Ethereum is stuck between the 50 EMA/20 SMA weekly and 10 SMA weekly.
Blue line vs. Orange line. Price will stay between these ranges till one of them breaks. Bias is to the upside. The range on weekly is pretty wide. Between 240 high-side and 196 low-side.
The entry is simple, long if price comes back down to touch the 10 SMA weekly. Short if price touches 50 EMA/20 SMA weekly. Use stop-losses. Anything above or below those pivot point is a turn in the market for Ethereum .
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