ETH daily chart:
There are two possible scenarios for ETH, indicated by the red and green arrows
The red arrow indicates the sideway market, which has a higher strength, because the resistance of 1300 has a high strength, and the monthly pivot is in the same range, and if we pay attention to the RSI, we will notice the divergence, which shows the weakness in the upward trend.
But the green arrow is showing an upward scenario, and if the price keeps above the 20-day EMA, it can move once to test the 1300 area, and if this resistance is broken, a double bottom Formed in the daily time frame, it is confirmed and can go up to the range of 1500
There are two possible scenarios for ETH, indicated by the red and green arrows
The red arrow indicates the sideway market, which has a higher strength, because the resistance of 1300 has a high strength, and the monthly pivot is in the same range, and if we pay attention to the RSI, we will notice the divergence, which shows the weakness in the upward trend.
But the green arrow is showing an upward scenario, and if the price keeps above the 20-day EMA, it can move once to test the 1300 area, and if this resistance is broken, a double bottom Formed in the daily time frame, it is confirmed and can go up to the range of 1500