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Ethereum
Long

Ethereum Retest after a Breakout đź“•

By ShrewdCatfx
We've created a bottom wick on the new monthly candle of 2.5%. The Weekly candle closed strongly above the Weekly Resistance zone to the left hand side at $1,909. We can observe a clear Higher high in market structure that formed pushing price up to $1,976. We have clean traffic (clean and clear candles) to the left hand side on the 4hr and Daily timeframe up to $1,995. Textbook break and retest for Ethereum here for a continuation higher. Price is retesting our previous 4hr resistance which may turn into support.. It's possible price may want to retrace a bit more to $1,924 Daily support level that was formed after Sunday's price action.

4Hr Chart -> snapshot
Daily Chart -> snapshot
breakandretestbreakoutChart PatternsCryptocurrencycryptolevelsEthereum (Cryptocurrency)marketstructuremomentumstrategymultitimeframeanalysispriceactionSupply and DemandTrend Analysis
ShrewdCatfx

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