With the close of last week's candlestick 
ETHUSD failed to sustain its new All Time High (ATH). Last week's price action was interesting because the prior major high at 4070 was solidly broken, retested, and price moved on to make a new ATH.
This price action follows Bitcoin
BTCUSD last week which also had the same phenomenon; a new ATH that was quickly rejected.
There is no more reliable sign of a bearish pullback about to occur than a false breakout. In order for new ATH to be sustained traders and investors must keep buying. If they do not... WATCH OUT!
Prior history of the event can be consulted to see just how reliable it can be:
January 2025 Bitcoin
March 2024 Bitcoin
And of course November 2021... the start of the last bear cycle in Bitcoin.
Trade wisely!
ETHUSD failed to sustain its new All Time High (ATH). Last week's price action was interesting because the prior major high at 4070 was solidly broken, retested, and price moved on to make a new ATH.This price action follows Bitcoin
BTCUSD last week which also had the same phenomenon; a new ATH that was quickly rejected.There is no more reliable sign of a bearish pullback about to occur than a false breakout. In order for new ATH to be sustained traders and investors must keep buying. If they do not... WATCH OUT!
Prior history of the event can be consulted to see just how reliable it can be:
January 2025 Bitcoin
March 2024 Bitcoin
And of course November 2021... the start of the last bear cycle in Bitcoin.
Trade wisely!
"Be to others the person you needed to meet 10 years ago"
Discord Trading Community: discord.gg/eDfhKvS5AC
Youtube: youtube.com/c/NoroksNotepad
Twitter: twitter.com/noroktrade
Discord Trading Community: discord.gg/eDfhKvS5AC
Youtube: youtube.com/c/NoroksNotepad
Twitter: twitter.com/noroktrade
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
"Be to others the person you needed to meet 10 years ago"
Discord Trading Community: discord.gg/eDfhKvS5AC
Youtube: youtube.com/c/NoroksNotepad
Twitter: twitter.com/noroktrade
Discord Trading Community: discord.gg/eDfhKvS5AC
Youtube: youtube.com/c/NoroksNotepad
Twitter: twitter.com/noroktrade
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.