ETH needs to move above $2,800 soon, otherwise, bulls are in trouble and the price can fall back towards the key support.
The bull run from this most recent drop was quite impressive but seems ETH is unable to sustain it... not good.
Volume over the weekend is usually low and ETH may stay under this key resistance for a while, if it cannot turn it into support then price will fall.
Lower timeframes are turning bearish as well. Seems momentum is shifting and it is becoming harder and harder to be bullish.
Bias is sort of neutral/bearish on this price action.
Best to wait for a clean break before taking a position.
Like and follow if you liked my idea.
The bull run from this most recent drop was quite impressive but seems ETH is unable to sustain it... not good.
Volume over the weekend is usually low and ETH may stay under this key resistance for a while, if it cannot turn it into support then price will fall.
Lower timeframes are turning bearish as well. Seems momentum is shifting and it is becoming harder and harder to be bullish.
Bias is sort of neutral/bearish on this price action.
Best to wait for a clean break before taking a position.
Like and follow if you liked my idea.
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