6.8 Market Overview: Is ETH about to V-rebound?
ETH bottomed out at 1503, creating the lowest price of the year before forming a rebound.
ETH is on an ascending triangle, seemingly set to execute a V-reversal, but the rebound is characterized by low volume and shrinking upward movement.
ETH's daily chart has ended a streak of 7 consecutive bearish candles; this morning closed with a bullish candle showing upper and lower wicks. It’s no longer creating lower highs and lows, but rather we're seeing a synchronized rise in lows and highs, signaling the start of a rebound.
1618 serves as effective support, while 1728 is temporary resistance. The market will either oscillate upwards slowly accumulating top-side liquidity or break out with a big bullish candle.
Position lightly on the left side at 1618 for a long, with a stop loss at 1550, targeting around 1686 and 1753.
If you’re passing by, please give a like and follow; your support means the world to me! The above information is for market analysis purposes only and should not be considered as trading execution;
Follow me to stay updated with the latest news, trends, and analysis, plus the wealth codes you’re looking for. Don’t forget to hit like and follow #纽约法官暂停BTC休眠钱包诉讼 $ETH
ETH bottomed out at 1503, creating the lowest price of the year before forming a rebound.
ETH is on an ascending triangle, seemingly set to execute a V-reversal, but the rebound is characterized by low volume and shrinking upward movement.
ETH's daily chart has ended a streak of 7 consecutive bearish candles; this morning closed with a bullish candle showing upper and lower wicks. It’s no longer creating lower highs and lows, but rather we're seeing a synchronized rise in lows and highs, signaling the start of a rebound.
1618 serves as effective support, while 1728 is temporary resistance. The market will either oscillate upwards slowly accumulating top-side liquidity or break out with a big bullish candle.
Position lightly on the left side at 1618 for a long, with a stop loss at 1550, targeting around 1686 and 1753.
If you’re passing by, please give a like and follow; your support means the world to me! The above information is for market analysis purposes only and should not be considered as trading execution;
Follow me to stay updated with the latest news, trends, and analysis, plus the wealth codes you’re looking for. Don’t forget to hit like and follow #纽约法官暂停BTC休眠钱包诉讼 $ETH