Here is an update to this last post:
The main thing to note from this post was the 4H 200 rejection. We have continue to see ETH's price get pushed down from the 4H 200 ma therefore, once we are able to start closing candles above that level it should be a swift move to the key $4.1k level.
Another thing to note is multiple bullish divergences (this can be seen across multiple time frames as well). Price continue to create lower lows but our strength index continue to show higher highs. What this can indicate is there has been extremely strong demand when price dips to these lower levels.
The main thing to note from this post was the 4H 200 rejection. We have continue to see ETH's price get pushed down from the 4H 200 ma therefore, once we are able to start closing candles above that level it should be a swift move to the key $4.1k level.
Another thing to note is multiple bullish divergences (this can be seen across multiple time frames as well). Price continue to create lower lows but our strength index continue to show higher highs. What this can indicate is there has been extremely strong demand when price dips to these lower levels.
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