Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
ETH IS A BEAST!
As we clearly see price broke above our resistance zone 1250, now acting as support as well
However, price is approaching a major swing high and a minor supply zone where we expect some reactions over there
Meanwhile from a short term-perspective we are bullish trading inside this channel
For the bears to kick in we need a new swing low to be formed around the trendline
Then movement lower to our rising channel and support zone, where we will be looking for new longs as well
Unless price managed to be trading higher then we will be looking for new shorts around the falling trendline
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!