#ETH $ETH

➡️ Analysis on #ETH , timeframe 1H:

The price is at an important resistance zone, a parabolic growth curve has been formed, which indicates the strength of the buyer.

➡️ Bullish:

A break of the $1700 zone with consolidation will give a strong momentum for continued upside.

If there is a pullback to 1540-1560$ and the price holds there, it is a good zone for longing.

➡️ Bearish:

A breakdown from the zone of 1670-1700$ with consolidation below 1600$ may lead to a fall to the area of 1500$, and then - to 1400$ and below.

So far the trend is upward, but the $1700 zone is a key resistance. We are watching the reaction to it - the further direction depends on it.

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