Hello Traders,
welcome to this free and educational multi-timeframe technical analysis.
On the weekly timeframe you can see that Ethereum just retested and quite nicely rejected a major weekly resistance zone which was - after the break - turned support at the $1800 level.
You can also see that market structure is still bullish and there is always a higher chance that momentum will continue so Ethereum is not slowing down at all and I simply do expect another bullish impulse to retest the next resistance level at $2100.
On the daily timeframe you can see that Ethereum is currently sitting at the $1920 previous daily resistance but I definitely do expect a break above this zone considering that Friday's candle is showing massive buying pressure and then I am waiting for a retest to then capitalize on the continuation towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
welcome to this free and educational multi-timeframe technical analysis.
On the weekly timeframe you can see that Ethereum just retested and quite nicely rejected a major weekly resistance zone which was - after the break - turned support at the $1800 level.
You can also see that market structure is still bullish and there is always a higher chance that momentum will continue so Ethereum is not slowing down at all and I simply do expect another bullish impulse to retest the next resistance level at $2100.
On the daily timeframe you can see that Ethereum is currently sitting at the $1920 previous daily resistance but I definitely do expect a break above this zone considering that Friday's candle is showing massive buying pressure and then I am waiting for a retest to then capitalize on the continuation towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
