ETHUSD Key Levels for Long-term until we break All-Time-Highs
Looking to diversify my trading into Ethereum so thought I would start putting down my key levels of historical support and resistance.
My bias is that we are in an immediate bull market with Ethereum due to the utility it offers with Smart Contracts commercially and for Finance 2.0 using blockchain and IMO I think the
ETHBTC price has a lot of room to catchup.
We can notice a double bottom on the weekly at the $80 so will assume this is the absolute bottom of this cycle.
There is then 3 resistance levels of note that I believe will be important levels and they are:
The last point to note will be the ATH which is at $1420
My strategy will be the same for Ethereum as I am going to be doing with BTCUSD and that will be to look for pennant formations and look to trade breakouts.
Maintain or gain.
My bias is that we are in an immediate bull market with Ethereum due to the utility it offers with Smart Contracts commercially and for Finance 2.0 using blockchain and IMO I think the
ETHBTC price has a lot of room to catchup.We can notice a double bottom on the weekly at the $80 so will assume this is the absolute bottom of this cycle.
There is then 3 resistance levels of note that I believe will be important levels and they are:
- $290
- $360
- $800
The last point to note will be the ATH which is at $1420
My strategy will be the same for Ethereum as I am going to be doing with BTCUSD and that will be to look for pennant formations and look to trade breakouts.
Maintain or gain.
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