Ethereum (ETH): Quick Recovery From Bounce Zone!

Ethereum did a nice recovery so far, where the price has been moving slowly to that upper resistance zone where we might see 2 things:

First of all, we might see a rejection from there, which would lead the price back to the bounce zone (which by that time should be aligned with 200EMA as well).

The second case would be breaking this zone, which would result in a good upward movement as it would be a bigger break of structure.

So we are waiting for price to reach this resistance zone and from there we will monitor closely for confirmations of either scenario we have!

Swallow Team