Ethereum (ETH): Rejected by Resistance, Sellers Dominating Now!

7 paź 2024

Ethereum has a good weekly rejection from smaller resistance zones, which showed us the dominance of sellers.

If we manage to secure yet another candle in red and move possibly to a lower support zone (breaking also the trend), we might see a really good downward movement from there.

But if this week's candle will turn green and show us the dominance of buyers, we might actually continue this upward movement (where we will be looking for a bigger liquidity breakout then).

Swallow Team

7 paź 2024

Uwaga

Ethereum has established some kind of support on lower zones, it seems, where we had a nice little bounce during the weekend.

We are looking for slight upward movement here after what a possible rejection and steep move back to the lower support zone, but we have a slight concern.

We are already seeing some weakness in today's candle (although it is not closing soon), so we will be keeping an eye on it for a possible early sell-off!!

8 paź 2024

Uwaga

Ethereum is seeing good pressure from sellers after the re-test of broken resistance zones and EMAs.

As we count this re-test to be successful, we also are having a crossover on RSI, which indicated a possible move to lower zones, finally filling our major target zone on bigger timeframes!

10 paź 2024

Uwaga

After a crossover of RSI, we had a nice small 3% of marketprice movement where price is now seeing some kind of smaller recovery.

Never the less, our main target zone is yet to be reached, but our gameplan will and still remains the same 😉

11 paź 2024

Uwaga

Ethereum is looking for a possible break of structure to happen with price forming smaller lower highs after the re-test of 200EMA.

We are now looking for price to slowly move to that BOS zone and possibly break it as well so let's see!