Ethereum (ETH): Looks Promising | Expecting Bullish Breakout

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ETH looks good here at the start of the week, where during the weekends we had a decent BOS and now the price is sitting slightly below the 100EMA, where we are expecting a similar move like on BTC, a breakout!

Once we see the proper breakout from current zones, we will be looking for an upside movement, which might mark a start for bigger movement towards the current target of $4,800 (and then $5,555)

Swallow Academy

vor 16 Stunden

Anmerkung

Strong rejection happened near the 100EMA, where price had a decent dip and now we’re seeing a Break of Structure forming — this could trigger another bullish move that may lead back to a re-test of the 100EMA.

First target is the 100EMA, and the main entry comes only after we break and secure it.