Welcome to this another important update on ETH in 4 hours timeframe.
Thank you for being so supportive. It’s an honor to serve you guys with quality content.
Ethereum is still under the channel and above the but it is failing to break the upper trendline. The dotted line shows a trendline formed under a trendline which is currently acting as a support for ETH. A breakdown below this channel will form a scenario for ETH. A continuous fall can possibly drop the price up to $2590.
Now, let’s look at the side as well. In order to stay , ETH must hold the support and break above the channel as well as the $3600 .
If you are looking for a trade opportunity then it’s better to wait for confirmation. I will open my long trade setup only if ETH breaks the , and I will open my short only if ETH breaks the support levels.
What do you think about the ETH price move?
Do you think ETH will reach its ATH?
Do you think ETH will bleed badly?
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See you guys soon with a new update.