ETH/USD - New ATH, can we push above $2k? 🤔
ETH set a new ATH in tandem with BTC... we are now at 2k as predicted in my last idea.
What now?
The chart gives some mixed messages. On one hand we have the daily indicators that show we are bullish, however on 4h we have some signs of weakness.
MACD histogram paints a bearish divergence and volume is not great on this move up. Therefore, I expect ETH to range here for a while before we can be confident on going beyond 2k.
Possible paths on the chart. The markets is still very bullish so no reason to be bearish at this time.
Best to let the market settle a bit and digest the fact that both ETH and BTC did a new ATH. Watch this price action before jumping in.
Like and follow if you liked this idea! Also join my crypto community to stay in touch and watch my TA videos on YouTube!
What now?
The chart gives some mixed messages. On one hand we have the daily indicators that show we are bullish, however on 4h we have some signs of weakness.
MACD histogram paints a bearish divergence and volume is not great on this move up. Therefore, I expect ETH to range here for a while before we can be confident on going beyond 2k.
Possible paths on the chart. The markets is still very bullish so no reason to be bearish at this time.
Best to let the market settle a bit and digest the fact that both ETH and BTC did a new ATH. Watch this price action before jumping in.
Like and follow if you liked this idea! Also join my crypto community to stay in touch and watch my TA videos on YouTube!
📣 Find more Alpha by joining Your Crypto Community 🔰 LINKs BELOW 🔰
🔹 Over 5,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
🔹 Over 5,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
Related publications
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.