$ETH ETH weekly update

level must be monitored around

2000 - 2222

why this is important because this was previously support now becomes resistance

if it can reclaim, continue to make local highs around 3000-3800, the final peak of ETH in this cycle for the year because there is also a downtrend resistance line from the previous high

ETH's increase of 100 -180 % from bottom to high is already quite good

if it fails to reclaim 2000-2222, what happens is that the double top pattern is still valid to head towards lower lows because of the failed retest of its neckline

and the bottom decline is in the range of 1300-1100