ETH is trying to reclaim the 200-week MA on the 4H chart.
The last 4H candle closed right on top of it.
The first 4H bar from June 26 closed above the 0.5 Fib, but that level was eventually lost.
If the 200W MA holds as support, price may attempt to flip the 0.5 Fib into support again.
Always take profits and manage risk.
Interaction is welcome.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.