ETH/USD - Bullish price action, can we push above $1.8k?

2021年2月6日

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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