EthereumLong
Ethereum recovery
Some notes about ETH right now:
Low volume profile for ETH until around 3750. This means it could be an easy ride with minimal resistance.
The current level is the 786 from a more macro perspective, so the combination of 618 local, and 786 macro would prove to be a tricky resistance, but if we can get over it, it will hopefully serve as a solid support for the upcoming few days or week. With the fibs as support, and the lack of resistance until 3700, I wouldn't be surprised to see prices fluctuate within this range for a bit until BTC starts to continue its move up. A larger bullish move could see more resistance at 3900 and 4400.
TLDR: I think we will oscillate between 3450-3750 if we move sideways. If we try and make a run, we will experience resitance at 3900 and 4400.
Low volume profile for ETH until around 3750. This means it could be an easy ride with minimal resistance.
The current level is the 786 from a more macro perspective, so the combination of 618 local, and 786 macro would prove to be a tricky resistance, but if we can get over it, it will hopefully serve as a solid support for the upcoming few days or week. With the fibs as support, and the lack of resistance until 3700, I wouldn't be surprised to see prices fluctuate within this range for a bit until BTC starts to continue its move up. A larger bullish move could see more resistance at 3900 and 4400.
TLDR: I think we will oscillate between 3450-3750 if we move sideways. If we try and make a run, we will experience resitance at 3900 and 4400.
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