As shown on chart, candles are above 103 ichimoku baseline. This baseline is a strong and reliable Support line for ETH on 4H period time.

I also draw Bearish retracement fibonacci base on previous bearish market. By bearish Fibonacci you can see resistance line in the chart.

Candles at the beginning of the week are very important. We are waiting to see what are next moves of ETH.

Trade safe by your analysis,

Good luck

*Please don't forgot to like and follow me.

Bullish PatternsChart PatternsetheriumETHUSDTethusdtlongTrend Analysis

Disclaimer