Ethereum involved in technical patterns
Updated
In the previous analysis, which was in the daily time frame, I expected it to move up to the range of $1925. Even the momentum was helping the price. On the same day, it climbed nearly 2% to our target, but for whatever reason, the price returned from the $1902 area. Rejected in such a situation to check other patterns, we have to check a lower time frame, that's why when I look at the 4-hour time frame, I see that yesterday the price was rejected again from the same area and somehow a new resistance was formed (double ceiling pattern). In order to reach the goals of the daily time frame, we must check if the price can break the said resistance in the 4-hour time frame. Small movements are part of the big movements
Trade closed: target reached
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