ETH continues to move upwards with the rest of the market but still feels left out as even after all the meteoric rises of the past 24H, Ether couldn't must up an attempt at $240 let alone $260. With all the hype flowing back in the market, it is something to keep an eye on as Ethereum was an indicator for the previous alt seasons and with it remaining idle could still mean we aren't ready yet!
We have rammed right into the supply zone above and so far remain sideways right against it. RSI and MACD seem to have made a lower high as price continues to make a higher high, which spells bearish divergence at the moment. We will need to see what the next few hours bring but signs of caution are demonstrating themselves so something to keep a close eye on.
A potential play would be to long a pullback back to demand zone around $220.
Stay safe guys and thanks for stopping by!
We have rammed right into the supply zone above and so far remain sideways right against it. RSI and MACD seem to have made a lower high as price continues to make a higher high, which spells bearish divergence at the moment. We will need to see what the next few hours bring but signs of caution are demonstrating themselves so something to keep a close eye on.
A potential play would be to long a pullback back to demand zone around $220.
Stay safe guys and thanks for stopping by!