Ethereum Update; Crypto To The Moon #45.

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Investors Friend;) 🏅Crypto and stock Trader🏅Stay updated on the market📈📉

2 years ago

Topics: ETH, Crypto currency, Crypto To The Moon, Analysis

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;

Using The 1Day timeframe,we can easily get to analyze what's happening on the ethereum chart.

After respecting the green coloured key level which acted both as a support and resistance zone on multiple occasions, we finally got to break through heading towards a major resistance zone.

On reaching the resistance zone at first, we got to experience some bullish movement which leads us to a new resistance level.

As usual, since there was no break through, we then happened to retest the resistance zone and go bearish as we are now based on a support zone, ready for a bullish movement if we eventually don't end up breaking the support zone.