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Locally, the ETH chart looks like a re-test of the trend line in the range of $1805-1785
Technical: the trend line is now a local support from which a rebound towards $2000 may follow.
But, I recommend acting with the shortest stop possible, with such a long consolidation, an impulse in both directions may follow, and it is best to wait for the next weekly candle to open and see what a major player will offer us.
Locally, the ETH chart looks like a re-test of the trend line in the range of $1805-1785
Technical: the trend line is now a local support from which a rebound towards $2000 may follow.
But, I recommend acting with the shortest stop possible, with such a long consolidation, an impulse in both directions may follow, and it is best to wait for the next weekly candle to open and see what a major player will offer us.
