ETHEREUM is bouncing from the long-term support zone
Ethereum tested and bounced off the long-term strong resistance support zone 1420-1720. The next strong resistance is 2815 for the upside bullish extension. A breakout above this resistance is the key for the long-term bullish extension.
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On the weekly chart, we can are seeing the breakout above 2386 which is an important level for the bullish continuation after the bounce from the mentioned zone and 61.8% Fibonacci retracement of the March 2020-April 2021 swing higher.
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On a daily chart, we can see that the Already a member? This article is so good, it’s for premium members only.
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We have used the combination of the top-down trading analysis to get these key levels explained in the charts. Also, you have the chance to see Elliott Wave and price action analysis together in action along with the Andrews Pitchfork channel tool. If you want to learn the trading strategy that will give you immediate results in your trading register for Live Training Mentoring.
