ETHUSDT - Key Levels
- ETH has consistently been respecting key fib levels as well as printing higher highs and higher lows.
- Continuous bullish validation through the reclaim of the upward trendline.
- Rejected at the resistance of approx. $637 almost perfectly.
- Hoping the drawn-out scenario plays out for more accumulation around the yellow box range area.
- Overall, ETH has been performing well. Trades can either be made on the $637 S/R flip or see if we can get those levels of accumulation before a swing up.
- It is important to note that the market structure depends on how BTC is performing.
- Continuous bullish validation through the reclaim of the upward trendline.
- Rejected at the resistance of approx. $637 almost perfectly.
- Hoping the drawn-out scenario plays out for more accumulation around the yellow box range area.
- Overall, ETH has been performing well. Trades can either be made on the $637 S/R flip or see if we can get those levels of accumulation before a swing up.
- It is important to note that the market structure depends on how BTC is performing.
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