Ethereum Analysis

Ethereum Analysis

1) Ethereum has given a major breakout in the starting of december where everyone thought the crypto bullrun has started!!

2) BUT sellers are not ready to leave their positions and they are trying aggresively since then .

3) Recently IT has created a double top like pattern and the conformation level will be 2180-2166 where fresh sellers will try to enter but there is a major support at 2100.

TRADE PLAN :

Avoid selling trades on daily tf, We can go for long position if a bullish candle forms near 2100. and then we can see a new start of the NEW CRYPTO BULLRUN!!

 

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