š Ethereum chart review š
šÆ Key Levels to Watch:
ā¢ Above: 4470 / 4498 / 4541
ā¢ Below: 4390 / 4300 / 4254
š„ ETH Liquidation Heatmap:
ā¢ Above: 4440 / 4500 / 4532
ā¢ Below: 4326 / 4252 / 4215
#Ethereum re-test of August close was inevitable and so it happened. Dipped a bit lower, but that is ok as long as next candle close above.
Against BTC, $ETH is bouncing from Daily 20sma and that move might form inverted head and shoulders pattern at 1H chart (can't remember the last time I've mentioned it). So breakout there by 2-3% can push ETHUSDT above 4500 (with a condition of stable or growing BTCUSDT).
Potential target for above short term bullish scenario is around 4540-4580 zone.
"Bearish" scenario is not that bearish - just assumes longer consolidation with potential range bottom at 4300 / 4200.
ā° TG alarms set for: 4541, 4498, 4255 and Daily 20sma
