ETH/USD - BUY setup

COINBASE:ETHUSD   Ethereum / U.S. Dollar
Ethereum on a 4H chart - what to expect

As ETH/USD made a new ATH at $2,151, we expect a retracement around 0. 5-0 .618 Fibonacci Retracement , because the previous candle closed around $2,200, showing rejection at that level before continuing to a new higher high.

Overall, Ethereum has made another bullish signal for the bullish market action trend that has been building for many weeks.

Last month, ETH/USD made a higher low around $1,550, after which the market began to rebound before it reached a new all-time peak around $2,140.


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