We are looking at the post-breakout of ETH to the downside. Currently, we are testing the resistance and if we respect the resistance we are likely to see another push towards our entry. Obviously, I am bullish on ETH and crypto however for me I would prefer that price comes down giving us a health retracement and a better loading point. Next TP is the 3k mark though.
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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.