#ETHUSDT is BULLISH Above this level. Don't FOMO!!

26 thg 2, 2022

Welcome to this extensive analysis of Etherium.
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Now, let’s get to the chart.
ETH broke all the support like BTC and made a low of $2300.
In our last trade, we got stopped out at $2920.
Currently, ETH is entering the resistance cluster. Once we break above the $2885 area it is highly likely that we will see some rallies further above the 3k zone.
SO $2885 or we can simply say that the price needs to break and close above the blue MA along with the falling expanding channel.

CONCLUSION:- ETH needs to break and close above both the channel and the blue MA in order to enter a new rally until then it is hitting resistance.
Also, the pattern is bullish with buy-side momentum increasing throughout the market, which is a good sign.
Let's just wait for this confirmation.,
ETH is a long above $2900 with SL below $2682

Invalidation:- Daily close below $2682


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