Ethereum Getting Closer To A Big Move!As mentioned in today's live session and post, I don't expect Ethereum to stay at the current level for much longer.
The 1H chart shows a clear pattern that is about to break during the next hours. However, it is currently hard to forecast whether we will break up or down.
A bullish breakout should send ETH to the 2.8k resistance, while a bearish drop might push ETH to the 2.1 level.
Overall, the market recovery seems to be losing some steam at the moment. Bitcoin, for example, printed some reversal candles on the 4H chart, too. Accordingly, the probability of a break to the downside is higher.
However, with the U.S. markets opening in two hours, we could see a bullish impulse, too.
Therefore, I would remain VERY cautious when entering new trades at this level!