Cryptolean Ethereum ETH Update
Ethereum is moving bullish, but slow within the key resistance zone of $3,837-$4,054.
A bullish break-out of $4,054 will send ETH price towards $4,569.
An inability to maintain price above $3,837 will push Ethereum price towards $3,531 and the key daily support at $3,275.
Intraday Chart
The ETHUSD intraday (4-Hour) chart broke through $3,938 and now is re-testing it as a support.
A bullish rejection of $3,938 will push ETH price towards $4,152 and higher.
A bearish dip to below $3,938 will slow down the price and will result in choppy price action.
Ethereum will follow BTC. A strong bearish rejection of $69,654-$73,422 in the BTCUSD daily chart will lead to the weakness of the whole #crypto market.
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Thank you!
A bullish break-out of $4,054 will send ETH price towards $4,569.
An inability to maintain price above $3,837 will push Ethereum price towards $3,531 and the key daily support at $3,275.
Intraday Chart
The ETHUSD intraday (4-Hour) chart broke through $3,938 and now is re-testing it as a support.
A bullish rejection of $3,938 will push ETH price towards $4,152 and higher.
A bearish dip to below $3,938 will slow down the price and will result in choppy price action.
Ethereum will follow BTC. A strong bearish rejection of $69,654-$73,422 in the BTCUSD daily chart will lead to the weakness of the whole #crypto market.
Like once read.
Thank you!
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