Ethereum / TetherUS
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ETH vs 200MA: Another Test

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ETH on the daily has been pushed back so many times by the 200MA. Will price conquer it this time? I guess we’ll just have to wait and see.

Today is Friday, July 4th, so probably a long weekend for most traders. Somehow, price got pushed back again. Just a hunch, but I believe long traders are touching grass this weekend while sellers are grinding.

Anyway, we now have a support zone under price, made up of the 200MA and the 0.5 Fib — which, in theory, should hold against any attempts to push the price lower this weekend.

Always take profits and manage risk.
Interaction is welcome.
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ETH is looking strong.
The golden cross has completed and confirmed.
MLR > SMA > BB Center — a healthy long setup.
Next resistance sits at the 0.236 Fib level around \$3,730.
I’m just following the rules: watch PSAR, watch MLR vs SMA.
When things shift, we’ll be here to observe and act accordingly.
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