QUICK #ETH MARKET UPDATE

& NEXT POTENTIAL MOVE 👇

After an incredible moonshot & hitting $4.8K,

$ETH is now in a bearish downward channel

or bullish flag, clearly displaying buyers'

exhaustion as selling pressure mounts heavily.

Today we saw a swift recovery from $4K l

evel to $4.3K, as short term retail investors

jumped in at critical trendline support &

managed to push the price upwards,

maintaining structural integrity.

Soon $ETH may hit max daily high of 4.37K,

at trendline resistance, after which

we could potentially see prices retrace to

newer low levels, as weekend nears.

Bearish or corrective structure still remains

intact as we are treading the distribution phase.

The real catalyst to decide if bull run will

hold strong or not, is at major support level

at $3950 or unless of course price manages to

push above MA(200) on 1HR TF at $4455.00.

This level should be of major interest to big players,

as they wait to scoop up $ETH , for next leg up. 🔥🚀

Expect a potential bounce on this level, unless

some macros news or TRUMP TWEET hinders

or governs the next market momentum.

DYOR

Follow me

dr_mt