ETH 12/2 1hr Chart Update

٢ ديسمبر ٢٠٢٢

While ETH has spent the lest 2 days trading between 1300 and 1270 which has been just enough to keep spanking the Bears and Bulls.

While the direction has been hard to decipher due to the lack of volume in the intra days sessions. Theres is a possibility of a rounded top coming into play as the bulls grow weary of trying to break resistance at the 1300 region.

I’d be looking for a clean break below the 1274 region the confirm this thesis. Upon breaking this level we’d be looking at the next level of support being the 1220 region.