ETH-4h. Buyers are preparing to update the historic high!
ETH investors received a nice gift over the weekend. Raising the price by almost 60%, buyers easily broke the critical range, which we wrote about in the previous idea - $800-840.
Having set a new local high of $1162, buyers felt resistance in the range of $1123-1156. In the 15-minute timeframe, you can clearly see how the volumes started to increase in this range and the sellers easily turned the price.
Thus, the ETH price went beyond the growth channel and is preparing for the main sale - the $1260-1350 range test. Breaking this range, ETH will update its historic high.
The critical point for this growth scenario is the $840 mark. After breaking it, sellers will quickly lower the price to $750.
our ETHBTC idea:
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We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
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Having set a new local high of $1162, buyers felt resistance in the range of $1123-1156. In the 15-minute timeframe, you can clearly see how the volumes started to increase in this range and the sellers easily turned the price.
Thus, the ETH price went beyond the growth channel and is preparing for the main sale - the $1260-1350 range test. Breaking this range, ETH will update its historic high.
The critical point for this growth scenario is the $840 mark. After breaking it, sellers will quickly lower the price to $750.
our ETHBTC idea:
________________________________
We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
Subscribe to us and get daily concise analytics!
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🎁 -20% on ALL trading fees OKX
okx.com/join/20PSTRADE
🔥V-I-P cutt.ly/PwkLhT56
👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s
🔵Telegram t.me/pstrade_eng
okx.com/join/20PSTRADE
🔥V-I-P cutt.ly/PwkLhT56
👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s
🔵Telegram t.me/pstrade_eng
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.