ETHUSDT đïžđ đïž Ethereum's Got Room to Moon From Tech & DeFi
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ETHUSDT's chart looks excellent, and the on-chain analytics back up the bull case. The DeFi boom is helping to bring life back into crypto after an already rather epic crypto run, and much of the recent excitement is focused on Ethereum-based projects like LINK, YFI, LEND, OMG, etc.
We think the general bull market for tech, and the bullish sentiment from yield farmers makes betting on ETH to make it to the next level is a solid bet.
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Support:
The range at the S1 previous swing low is the ideal place for the bulls to find support at. If S1 can't hold, the bull's last hope is at the bottom of the current range at the S2 orderblock.
Resistance:
The immediate resistance to look at is the R1 bearish orderblock. If the bulls can breach this level, the next place to watch for a reaction is the range at the R2 orderblock cluster. A move off here finding support on R1 would be a good setup for a bullish retest before moving higher. Meanwhile, the ultimate goal is R3.
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Summary:
A move directly from S1 to R3 on the back of the current bullish sentiment is of course ideal for the bulls, but there is more than one path forward for the bulls. Meanwhile, the bears don't have much going for them unless S2 support can be broken.
âšDrop a comment asking for an update, we do NEW setups on request!âš
We think the general bull market for tech, and the bullish sentiment from yield farmers makes betting on ETH to make it to the next level is a solid bet.
Hit that đ button to show support for the content!
Help the community grow by giving us a follow đŁ
-----
Support:
The range at the S1 previous swing low is the ideal place for the bulls to find support at. If S1 can't hold, the bull's last hope is at the bottom of the current range at the S2 orderblock.
Resistance:
The immediate resistance to look at is the R1 bearish orderblock. If the bulls can breach this level, the next place to watch for a reaction is the range at the R2 orderblock cluster. A move off here finding support on R1 would be a good setup for a bullish retest before moving higher. Meanwhile, the ultimate goal is R3.
-----
Summary:
A move directly from S1 to R3 on the back of the current bullish sentiment is of course ideal for the bulls, but there is more than one path forward for the bulls. Meanwhile, the bears don't have much going for them unless S2 support can be broken.
âšDrop a comment asking for an update, we do NEW setups on request!âš
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