Hello Traders,
welcome to this free and educational multi-timeframe technical analysis.
On the weekly timeframe you can see that Ethereum is currently retesting and starting to reject a major previous weekly resistance area which is now turned support at the $1700 level.
You can also see that Ethereum is overall still creating bullish market structure and about to close with a strong weekly rejection wick so considering the overall bullish crypto trend, I do expect Ethereum to reject this support zone towards the upside.
On the daily timeframe Ethereum is currently creating obvious bearish market structure with resistance at the $1770 level so I am now just waiting for Ethereum to break back above the resistance and then I do expect the next major rally to start from there.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
welcome to this free and educational multi-timeframe technical analysis.
On the weekly timeframe you can see that Ethereum is currently retesting and starting to reject a major previous weekly resistance area which is now turned support at the $1700 level.
You can also see that Ethereum is overall still creating bullish market structure and about to close with a strong weekly rejection wick so considering the overall bullish crypto trend, I do expect Ethereum to reject this support zone towards the upside.
On the daily timeframe Ethereum is currently creating obvious bearish market structure with resistance at the $1770 level so I am now just waiting for Ethereum to break back above the resistance and then I do expect the next major rally to start from there.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
#1 Video Author on @TradingView 🏆
Swing Trader since the Year 2019 💻
Daily Analysis from Monday - Friday 💰
4K+ Traders in Our FREE Community👇
discord.gg/jgdrYXwqyD
Swing Trader since the Year 2019 💻
Daily Analysis from Monday - Friday 💰
4K+ Traders in Our FREE Community👇
discord.gg/jgdrYXwqyD
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
#1 Video Author on @TradingView 🏆
Swing Trader since the Year 2019 💻
Daily Analysis from Monday - Friday 💰
4K+ Traders in Our FREE Community👇
discord.gg/jgdrYXwqyD
Swing Trader since the Year 2019 💻
Daily Analysis from Monday - Friday 💰
4K+ Traders in Our FREE Community👇
discord.gg/jgdrYXwqyD
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.