DISCLAIMER: I am not a financial advisor nor certified analyst. All contents discussed on this blogpost are solely my own personal views and for Trading education/entertainment purposes only . Do your own research and due diligence.

With that being said, let's get into it;

1 Hour Timeframe.

Ethereum has had bullish movement and further more increased from about $3000 to now about $3214.49 as of making this analysis.

Though it has been following up a trend line and moving up gradually, it seems to be that it still respects a resistance key level.

We're currently still just above the trend line as we proceed to retest the trend line below.

what could be the possible outcome

• We successfully retest on the trend line and move even further up above the current resistance zone

• Chances are we'll just breakout of the trend line and go bearish looking for the nearest support zone

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Until next time, peace.