ETH found good support just above $2,800 and now appears well on its way to having another go at the key resistance at $3,400.
Price is facing some resistance on this trendline that started back in January, but with a little bit of push, it should be able to move above it and aim for the key resistance.
The indicators are bullish and what is impressive today is the volume, which exploded. That is exactly what one wants to see in a bull run.
Probably Russia withdrawing some of their soldiers from Ukraine's borders helped the market today to release some anxiety.
MACD - bullish
RSI - bullish
OBV - bullish
Volume - Up
Bias = bullish.
Lets see if we have continuation for the rest of the week, that would be a great sign.
Like and follow if you liked my idea!
Price is facing some resistance on this trendline that started back in January, but with a little bit of push, it should be able to move above it and aim for the key resistance.
The indicators are bullish and what is impressive today is the volume, which exploded. That is exactly what one wants to see in a bull run.
Probably Russia withdrawing some of their soldiers from Ukraine's borders helped the market today to release some anxiety.
MACD - bullish
RSI - bullish
OBV - bullish
Volume - Up
Bias = bullish.
Lets see if we have continuation for the rest of the week, that would be a great sign.
Like and follow if you liked my idea!
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