ETH Bulls Testing Resistance
A bit of a fake out last night when we broke the high of the tether news reaction so far, and saw no follow through.
This is where following BTC is important, as BTC did not break this resistance and then pulled back.
This took ETH with it as well.
Bulls Still look good on the 4 hour chart and have short term control of the trend.
We will be looking for a resistance break and continuation with the next level at $570.70.
Make sure there is volume behind breaks and cautious of fake out on shorter term time frames.
The hourly is a bit choppy so I like the 4 hour for clarity.
This is where following BTC is important, as BTC did not break this resistance and then pulled back.
This took ETH with it as well.
Bulls Still look good on the 4 hour chart and have short term control of the trend.
We will be looking for a resistance break and continuation with the next level at $570.70.
Make sure there is volume behind breaks and cautious of fake out on shorter term time frames.
The hourly is a bit choppy so I like the 4 hour for clarity.
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