$ETH weekly update

level must be monitored around

2000 - 2222

why this is important because this was previously a support now turned into resistance

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

ETH 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 move towards a lower low due to the failed retest of its neckline

and the decline bottom range of 1300-1100