We also have a similar situation with Ethereum as with Bitcoin, currently most of the charts of all coins look quite similar. Here, too, we closed a weekly candle and a monthly candle with the beginning of the, for the time being we were also able to close above the important levels at ETH. There would be a danger of a flag here, but what we can only say with certainty should this be confirmed
In the picture you can see two possible scenarios, in addition, there is a divergence (STOCH RSI, MACD & RSI)
in addition, we see several large liquidity pools (POI of the market) directly below us, it remains to be seen where we bounce.
Nice to know: ETH turned 7 years old this weekend! Let’s see if there is any reason to celebrate at ETH.
Also, we should keep in mind that it could be a “False Move Monday”.
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