Ethereum appers to be accumulating for another leg up
Ethereum has lately seen a lot of choppy trading and has been trading rangebound after hitting the all-time.
Now an interesting setup is appearing on the higher timeframes. Price Action is showing lots of aggressive absorption of sellers into hidden limit buy orders, and every time we dip to the low of the current inside range, it gets bought up quickly.
The last weekends have been seeing lots of relief on the markets, and we have a volume gap around the highs that wants to be fixed. I wouldn't be surprised if we see ETH slowly reclaiming the range highs levels by level, and then gear up for a new all-time high in the coming week.
Now an interesting setup is appearing on the higher timeframes. Price Action is showing lots of aggressive absorption of sellers into hidden limit buy orders, and every time we dip to the low of the current inside range, it gets bought up quickly.
The last weekends have been seeing lots of relief on the markets, and we have a volume gap around the highs that wants to be fixed. I wouldn't be surprised if we see ETH slowly reclaiming the range highs levels by level, and then gear up for a new all-time high in the coming week.
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