ETH - Break Or Make Zone ❗️

Hello TradingView Family / Fellow Traders,

From a long-term perspective, ETH is currently hovering around a robust resistance zone and the upper bound of the brown channel.

Weekly Chart:
📈 To maintain control and establish a long-term bullish perspective, a weekly candle close above 2500.0 is essential for the bulls.

If achieved, a movement toward the next resistance at approximately 3000.0 could be anticipated.

H4 Chart:
📉 Conversely, the bulls will remain in control unless the local support in red at 2100.0 is broken downward.

In this case a bearish correction till the 1750.0 mark would be expected.

Which scenario do you think is more likely to happen first? and why?

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Richard Nasr