ETH/USD - Consolidation continues, bias remains bullish! 😍
ETH had a very nice recovery after the December 4th crash and it found great support on the $4k level.
Provided we don't break the uptrend since March 2020, ETH should continue to outperform Bitcoin and the overall market.
Right now price is battling the $4,300 level which seems to act as resistance.
The daily indicators are still on the bearish side, but the price action is optimistic. I'd be surprised to see ETH break below $4k. Key levels on the chart.
The longer we stay above 4k, the more bullish I will become on ETH and altcoins. Bitcoin is a different story, see my BTC idea on that.
Like and follow if you liked my idea!
Provided we don't break the uptrend since March 2020, ETH should continue to outperform Bitcoin and the overall market.
Right now price is battling the $4,300 level which seems to act as resistance.
The daily indicators are still on the bearish side, but the price action is optimistic. I'd be surprised to see ETH break below $4k. Key levels on the chart.
The longer we stay above 4k, the more bullish I will become on ETH and altcoins. Bitcoin is a different story, see my BTC idea on that.
Like and follow if you liked my idea!
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