ETH Testing Resistance – Bounce or Fakeout? 📉📈

Looking at the 1H chart, $ETH recently tapped a local bottom at 1,835.36 and has made a decent recovery to the 1,905 zone.

​The Good:

We are currently seeing some green candles climbing back above the MA(7).

​The Bad:

The MA(25) and MA(99) are still acting as heavy overhead resistance.

​The Reality:

We need a solid close above 1,920 to confirm this isn’t just a relief rally before another leg down. The 30-day trend is still down 36%, so stay sharp with your stop-losses!

​What’s your move? Long or Short? 👇

#ETH #TechnicalAnalysis #CryptoTrading #BinanceSquare

ETH
ETH
2,269.52
-1.25%