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Welcome to this quick ETH update.
ETH is forming a triangle like pattern in 4hr time frame and currently facing resistance at the upper trendline. There is also a 200MA strong resistance.
For a short term bullish rally, ETH needs to break and hold above this 200MA. In case of rejection we might test the support level again. Supports for ETH is at $1270 and $1240 level.
Hope this chart will help you.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
Welcome to this quick ETH update.
ETH is forming a triangle like pattern in 4hr time frame and currently facing resistance at the upper trendline. There is also a 200MA strong resistance.
For a short term bullish rally, ETH needs to break and hold above this 200MA. In case of rejection we might test the support level again. Supports for ETH is at $1270 and $1240 level.
Hope this chart will help you.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
