Ethereum about to break

Ethereum (ETHUSD) is currently squeezed between a major resistance around $4800 and a major support around $4500.

It is then further squeezed between the two blue trendlines and it will soon break up or down.

The Sentiment Index indicator at the bottom of the chart is confirming an imminent break in fact, similarly to the price, the Sentiment is currently squeezed between bullish and bearish.

Remember to be patient and never trade impulsively. Always check confirmation from the indicators.

Trade geschlossen: Ziel wurde erreicht:

The trade was made possible by the false Sentiment breakup first, and then by the Top that formed within the consolidation.