Ethereum (ETH): Bulls Trying To Push Again!
Ethereum is showing some signs of push here but nothing is yet confirmed.
Looking right now at the candles, we are still seeing pressure from sellers and for ETH to see any kind of bullish momentum here, buyers need to secure that dotted line (orange one).
If they manage to secure it, we will see further small upward movement, but if they do not manage to secure it, we will see a test of support and most likely a break of it as well!
Swallow Team
Looking right now at the candles, we are still seeing pressure from sellers and for ETH to see any kind of bullish momentum here, buyers need to secure that dotted line (orange one).
If they manage to secure it, we will see further small upward movement, but if they do not manage to secure it, we will see a test of support and most likely a break of it as well!
Swallow Team
Note
Ethereum has done another rejection from our smaller resistance zone, which is showing the dominance of sellers.
We are now looking for a possible further movement to lower zones, which is most likely to happen, but if we see a failed rejection here and a breakout to happen, then 200EMA is going to be our next zone to watch out for a rejection.
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