ETH continues to trade inside a bullish trend while facing resistance at the 2300 level. While we fully expect ETH to continue to trade higher as it is in a bullish trend. There is notion of a potential reversal at this 2.3k level.
2300 is a critical demand area for ETH as the previous 3 times 2300 was test it was followed with an impulse to either 2600 or 2800.
What am I looking for? I am looking ETH to break the 2300 likely with a strong impulse or break out of the bullish trend in which I will be looking for buy setups around the 2000 or even 1700 depending on conditions.
Strategy: ETH is in a strong buying position at the moment as your potential risk is roughly 2225 and reward is 2600-2800.
Best of luck, Like/Follow for more.
2300 is a critical demand area for ETH as the previous 3 times 2300 was test it was followed with an impulse to either 2600 or 2800.
What am I looking for? I am looking ETH to break the 2300 likely with a strong impulse or break out of the bullish trend in which I will be looking for buy setups around the 2000 or even 1700 depending on conditions.
Strategy: ETH is in a strong buying position at the moment as your potential risk is roughly 2225 and reward is 2600-2800.
Best of luck, Like/Follow for more.