$ETH updates it is currently in an important zone of Resistance we have 2 scenarios in White and Blue
White Scenario the market is hitting a resistance so the market may come back to test the 0.5 Fibo zone before continuing and also on the daily we see an RSI at 76 which means currently ETH is overbought we may have selling pressure in the coming days
Blue Scenario the market will break the resistance zone and come back for a pullback and then go up again with a MACD showing an upward movement for now
The most probable scenario is the one in White because there is not enough volume to break the resistance but only the market is in control
We will watch the market make its movements and especially my analyses are just to keep you informed about the market this is not investment advice and I do not have a crystal ball to predict the future
