Hello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Ethereum is currently retesting a quite obvious previous weekly resistance area which is now turned support so I do expect at least some continuation towards the upside.
You can also see that we do have a next strong psychological structure area exactly at $2000, which I do expect Ethereum to retest before we then have the potential to create a minor rejection away from the $2000 resistance area.
On the daily timeframe you can see that we have been moving sideways for the past couple of days, following my weekly bullish outlook I am now just waiting for a break above the previous daily resistance and a retest to the capitalize on the continuation towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Ethereum is currently retesting a quite obvious previous weekly resistance area which is now turned support so I do expect at least some continuation towards the upside.
You can also see that we do have a next strong psychological structure area exactly at $2000, which I do expect Ethereum to retest before we then have the potential to create a minor rejection away from the $2000 resistance area.
On the daily timeframe you can see that we have been moving sideways for the past couple of days, following my weekly bullish outlook I am now just waiting for a break above the previous daily resistance and a retest to the capitalize on the continuation towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
