ETH has a bullish price action which if sustained can take us above $1.8k. The indicators on 4h are curving nicely and there are good reasons to think this apex in blue will resolve with the price going higher.
A failure to do so will lead to another few days under this resistance line. There won't be any reasons to be concerned as long as we stay above the $1.6k support line, but if we fall there, we may be a bit in trouble for a while.
For now bias remains bullish and keep a close eye on this apex and how it resolves. Last time the resistance at 1.8k rejected the price, let's see if this will happen a second time.
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A failure to do so will lead to another few days under this resistance line. There won't be any reasons to be concerned as long as we stay above the $1.6k support line, but if we fall there, we may be a bit in trouble for a while.
For now bias remains bullish and keep a close eye on this apex and how it resolves. Last time the resistance at 1.8k rejected the price, let's see if this will happen a second time.
Like and follow if you liked this idea! Also join my crypto community to stay in touch!
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