On the Bullish side ETH is currently above major resistance levels (4h and daily timeframes) when using Ichimoku (except the big cloud above but there are enough opportunities right now to go long until reaching it)
But on the Bearish side we might be in a middle of a new Eliott Wave and the weekly chart shows a bear flag formed by the last three candles.
N.B. Ethereum just crossed Tenkan Sen on the hourly time frame which is a bearish indicator. A minor indicator but important enough to not go long right now.
Bullish point of view:
Bearish point of view:
But on the Bearish side we might be in a middle of a new Eliott Wave and the weekly chart shows a bear flag formed by the last three candles.
N.B. Ethereum just crossed Tenkan Sen on the hourly time frame which is a bearish indicator. A minor indicator but important enough to not go long right now.
Bullish point of view:
Bearish point of view: