ETH goes exactly as we predicted, the price sharply rejected from the Resistance at $2,400 and reached the other end which is the Strong Support Zone. Price has already did a retest of the zone and potentially there will be another one before pushing higher. Eyes on Daily break below of the zone.
ETH tested the support area as expected and took the liquidity from there. We will see a continuation of the uptrend towards the $2500 level now
Support Area: $2110-$2140
Resistance Area: $2500
ETH is been also made a push with the Market pump and given a close above the strong Resistance area. Well, we can see push-in continues till the next Strong Resistance zone at $2400. In between you can see minor pullbacks, which can be a tradable opportunity.
Finally, ETH breaks above the resistance area. We may see a test of this area before the next move. ETH is showing positive momentum and we may see a move towards the $2500 major resistance area.
ETH is currently approaching a resistance area. If the price manages to break above this resistance, we can expect a strong upward rally. The support levels are still the same. After a clear breakthrough of the resistance area, we may consider new entry points.
ETH has faced heavy resistance and has been rejected multiple times. A rally may occur if the price breaks above resistance. Place buy orders in the support area and wait.
First Support Area: $1735-$1760
Second Support Area: $1840-$1864
Resistance Area: $2110-$2140