Etherium is currently being squeezed against major resistance at 987 due to our ascending support line pushing it up bit by bit. We can see major resistance at 987 ( Fibonacci retracement
, Fibonacci extension
, horizontal overlap resistance) and a strong reaction could occur at that level to push price down towards 781 support ( Fibonacci retracement
, horizontal swing low support). We do have to keep an eye on our ascending support line as only a break of that support line could signal a bearish
acceleration in price.
(34,5,3) is seeing major resistance at 98% where a corresponding reaction could occur.
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