🚨 Ethereum Back At Resistance: Now $3,000 or $1,500?"
Ethereum is at a crossroads, with the resistance zone touched three times, hinting at a significant move. A breakthrough could send ETH soaring towards $3,000, while failure to breach it might slide it to $1,500.
A few things to consider here:
- EMAs are in early stage of crossover (where last time after that crossover we had a mid-term down fall of -17%)
- RSI is overbought and Bollinger Bands has expanded too widely!
- On Smaller Timeframe FVG gaps have not been filled yet (4hr chart)
- Buyers pressure is still there so they have not yet given up
- Current Resistance zone is strong but every resistance can be broken once in a while!
Swallow Team
A few things to consider here:
- EMAs are in early stage of crossover (where last time after that crossover we had a mid-term down fall of -17%)
- RSI is overbought and Bollinger Bands has expanded too widely!
- On Smaller Timeframe FVG gaps have not been filled yet (4hr chart)
- Buyers pressure is still there so they have not yet given up
- Current Resistance zone is strong but every resistance can be broken once in a while!
Swallow Team
Comentarios:
As long as we are below this zone during the re-test phase we are seeing the movement to lower support zone
As long as we are below this zone during the re-test phase we are seeing the movement to lower support zone
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A nice rejection from the resistance zone could indicate an early signal of movement towards the $1500 zone. As of now, we have had around 6% of the drop from resistance, which is a good start.