Eth wants is looking toward $3100-$3200 resistance. It will likely go higher after that, but this is a good start, so let's see how it goes and provided it holds the uptrend after it hits this resistance then we can look for higher targets.
While a large amount of eth is locked up staking, this makes a really great opportunity to long eth and pop the shorts. Already this move has liquidated a record USD value of shorts. Once staking withdrawals are enabled I would be more cautious longing eth.
While a large amount of eth is locked up staking, this makes a really great opportunity to long eth and pop the shorts. Already this move has liquidated a record USD value of shorts. Once staking withdrawals are enabled I would be more cautious longing eth.
Note
An even higher USD value of eth shorts were liquidated today on the extension higher. A tiny move causing so many liquidations is a great sign not only $3100 will get hit, but an over reaction to a much higher price is likely to occur.Note
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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.