Ethereum Analysis
Ethereum has been on a bull run for the previous weeks. Last week price was bouncing back and forth in a Ascending wedge formation. Price is trading into a previous resistance level that is marked on the chart.
Looking for price to break through the resistance level and get a retest so the bull run may continue.
If price decides to reject the resistance level at first, then will be looking to ride the sells down on the pullback and anticipate buy momentum to further break the resistance zone.
This upcoming week is Non-farm payroll (NFP week), there will be a lot of high impact news being released during this upcoming week.
Looking for price to break through the resistance level and get a retest so the bull run may continue.
If price decides to reject the resistance level at first, then will be looking to ride the sells down on the pullback and anticipate buy momentum to further break the resistance zone.
This upcoming week is Non-farm payroll (NFP week), there will be a lot of high impact news being released during this upcoming week.
For more value and signals, join the Skyboxpips community t.me/Skyboxpips
Follow us on Instagram @skyboxpips
Follow us on Instagram @skyboxpips
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.