ETH on the Weekly
ETH just closed the week above the 0.236 Fib level at $3738.45.
It’s the fourth attempt to conquer this zone since the June 2022 bottom.
If price holds above this level, the odds of continuation increase.
If it fails, we could see downside.
It may also just consolidate here for a while.
RSI just touched overbought, and MACD remains green — still some room for upside.
I remain bullish long term, but this looks like a smart area to manage risk if you’re late to the move, or take partial profits.
Always take profits and manage risk.
Interaction is welcome.
ETH just closed the week above the 0.236 Fib level at $3738.45.
It’s the fourth attempt to conquer this zone since the June 2022 bottom.
If price holds above this level, the odds of continuation increase.
If it fails, we could see downside.
It may also just consolidate here for a while.
RSI just touched overbought, and MACD remains green — still some room for upside.
I remain bullish long term, but this looks like a smart area to manage risk if you’re late to the move, or take partial profits.
Always take profits and manage risk.
Interaction is welcome.
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