As you can see, Ethereum around this time played out similarly in its past with this bottom trendline. As a result, I remain convinced that Ethereum will find support from this rejection for the third time. Moreover, after finding support, Ethereum will proceed to break through the bottom resistance and attempt to retest the top resistance line.
**You can visually see both trendlines resistance and support overall better with the line graph rather than candle graph**
**You can visually see both trendlines resistance and support overall better with the line graph rather than candle graph**
Comment:
Eth is currently retesting the bottom resistance. Lets see if it can break through to retest the top resistance level!!!
Comment:
ETH got rejected after retesting the bottom resistance. It then retested and found support on the 200w MA. Moreover, ETH could retest the the bottom resistance level again if the feds increase interest rates by 0.75 points or less.
Comment:
ETH FINALLY broke through the bottom resistance line and now will most likely retest the top resistance. Although we could still have the weekly candle close below the bottom resistance.