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Here are some reasons why buying ETH right now is a bad idea
1: Everyone is being overly bullish right at a major resistance
2: There is hidden bearish divergence being formed on the daily
3: Declining volume suggest that we haven't yet broken any ranges and so we are not yet clear for a uptrend
4: Global funding is relatively high
If you do want to buy ETH rather wait for a close above $390 and a large spike in volume
Here are some reasons why buying ETH right now is a bad idea
1: Everyone is being overly bullish right at a major resistance
2: There is hidden bearish divergence being formed on the daily
3: Declining volume suggest that we haven't yet broken any ranges and so we are not yet clear for a uptrend
4: Global funding is relatively high
If you do want to buy ETH rather wait for a close above $390 and a large spike in volume
Comment:
ETH rejected 4% from the resistance zone, unable to close above