Ethereum at a significant resistance here, to me it looks like we are in for some retracement.
Keep a eye out for a possible SR flip at one of the below levels and a stoch/rsi reset on Lower timeframes if sell off does occur.
We may paint a large flag pattern and bounce off one of the support areas.
280$ and 250$ are strong support areas if we do come down.
Meanwhile if we claim 334 and flip it as support i can see us heading to 363 the top of the zone.
Keep a eye out for a possible SR flip at one of the below levels and a stoch/rsi reset on Lower timeframes if sell off does occur.
We may paint a large flag pattern and bounce off one of the support areas.
280$ and 250$ are strong support areas if we do come down.
Meanwhile if we claim 334 and flip it as support i can see us heading to 363 the top of the zone.
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I would like to see a flag paint here with a stoch / rsi reset then can see Ethereum go again
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Small timeframe; bearish in short term if we lose this support
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I also should note that Ethereum is closely tied to Bitcoin and Silver so if they both have some upside Ethereum is likely to follow.
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Bearish until proven otherwise for me.
Not going to short it, the uptrend is strong lately.
But being cautious. waiting for a clear setup.
Not going to short it, the uptrend is strong lately.
But being cautious. waiting for a clear setup.
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Possible flag on ETH now
