ETHUSD D1 LONG PRICE ACTION FORECAST

So far, Ethereum is one of the leading cryptos that its price action is trading above the 50 EMA and 200MA, fro a definition of an uptrend bias from the book.

However, price is under some seller pressure where the correction can take the price to test back the 50EMA in confluence with the support level as a secure zone for demand where bulls are lining up, and this retest could bring the ETH to above de 280$ handle.

The order:
Type: buy-limit
S/L: 265 pips - R:R | 1:2.5 -
T/P: aiming towards the resistance from previous high