ETH to break down?
ETH is in a consolidation zone with a very strong level of resistance.
The 4hrly candles over the past 24 hours have been rejected at resistance multiple times
ETH is following the same price action as BTC however the rejection off resistance is slightly more volatile
a close below the consolidation zone could see price break trend and head for the demand zone however IMO price wont stay in the area for long.
We are in a bull market so i would expect to see a healthy buy back.
ETHUSD
The 4hrly candles over the past 24 hours have been rejected at resistance multiple times
ETH is following the same price action as BTC however the rejection off resistance is slightly more volatile
a close below the consolidation zone could see price break trend and head for the demand zone however IMO price wont stay in the area for long.
We are in a bull market so i would expect to see a healthy buy back.
ETHUSD
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