Salaam
ETH still consolidate between 1750-1900 for several days.
Regarding the SP500 break and price action, it seems more likely bearish.
there are several bearish scenarios, the supports are: 1730-1680-1640-1440, and the 1200 area coincide with the lower line of the ascending channel.
To end the bearish scenario, ETH needs to close a daily candle above 1920. but now there are several signs that provide bear movement.
Check both scenarios because a sharp rise or fall is something that ALWAYS HAPPENS in the market!
So be ready for both!
ETH still consolidate between 1750-1900 for several days.
Regarding the SP500 break and price action, it seems more likely bearish.
there are several bearish scenarios, the supports are: 1730-1680-1640-1440, and the 1200 area coincide with the lower line of the ascending channel.
To end the bearish scenario, ETH needs to close a daily candle above 1920. but now there are several signs that provide bear movement.
Check both scenarios because a sharp rise or fall is something that ALWAYS HAPPENS in the market!
So be ready for both!
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