We are currently sitting at the last daily supply zone before breaking out making a new ATH.
It's difficult for me to say if ETH will break out right at this zone, although there are many bullish signs easily visible like: our trend line break, huge head and shoulders pattern, multiple demand zones forms, large green momentum candles.
We might see ETH drops a bit, maybe even into one of our demand zones, and then thrust through the daily supply zone hopefully.
If we extend our fib extension tool, then we can see that our 100% is just about the same height of our ATH and the next target after that would be around 4848.
GO ETH!
It's difficult for me to say if ETH will break out right at this zone, although there are many bullish signs easily visible like: our trend line break, huge head and shoulders pattern, multiple demand zones forms, large green momentum candles.
We might see ETH drops a bit, maybe even into one of our demand zones, and then thrust through the daily supply zone hopefully.
If we extend our fib extension tool, then we can see that our 100% is just about the same height of our ATH and the next target after that would be around 4848.
GO ETH!