ETH - Another Bull trend ahead?

2021년 12월 13일

Hey guys, Julie here =D

Let's talk about Ethereum today:

ETH is kind of moving sideways since November 18, after a huge bull trend, which is perfectly normal, I think it might just be resting now.
But one thing I've noticed is that the red candles have been bigger than the white ones for a while, and I don't like that, to me it's not a good sign.

We have some support levels near today's price, and I think that before ETH can go up again, it will test one of these regions (pink or blue line). If that happens, it would be a great time to buy (with good confirmation, of course).

I don't think it will trigger a downtrend, because on the weekly chart we have a nice uptrend, and the price is very close to the 21 EMA, so it is quite unlikely to fall.

I wouldn't buy ETH yet, I would rather wait to see if these regions will really act as support, and I would also wait for more positive candles, with a good confirmation, before buying.

So, to summarize:
I think it will fall a little bit more to the support levels, and then it will keep going up, because on the weekly chart we have a bull trend.

So that's it! Thank you for reading my analysis! I would really appreciate it if you would support me with your like and your subscription.

Bye bye, have a nice day! 😊👍