Ethereum did very well in the previous bull run and at the moment he is holding steady around 167.
This loss of volatility is expected after such a surge.
However for today I would like to see a retest of the turquoise box and a candle closure in the green box.
After this, I am expecting either a sharp correction into the red box or a push higher above 192 which would confirm that this run could be a good long opportunity.
How ever if price does not break our top trend line, we could easily see a retest of the bottom trend line of our upward channel.
Basically, now is the time where you take out your profits and await the next move.
You can always catch some day trades, however with crypto this is risky, so manage it.
This loss of volatility is expected after such a surge.
However for today I would like to see a retest of the turquoise box and a candle closure in the green box.
After this, I am expecting either a sharp correction into the red box or a push higher above 192 which would confirm that this run could be a good long opportunity.
How ever if price does not break our top trend line, we could easily see a retest of the bottom trend line of our upward channel.
Basically, now is the time where you take out your profits and await the next move.
You can always catch some day trades, however with crypto this is risky, so manage it.