Despite the recent bitcoin rally, Ethereum seemsed to be sleeping and bulls could not push into breaking major supply zone.
Now however it seems there is decision time - now or never. The level 236.58 seems to be significant and today the market tested cautiously. However until the market can't close above the today's highs any buying will be very risky.
I would definitely be buying on the break and adding to longs in case the 240 lvl is retested. With a current uncertainty it can happen eny time the maret will spike up to 300+ lvl.
The risk of the idea is that the dollar will not weaken further and the cross would stay in the 195-235 range.
Now however it seems there is decision time - now or never. The level 236.58 seems to be significant and today the market tested cautiously. However until the market can't close above the today's highs any buying will be very risky.
I would definitely be buying on the break and adding to longs in case the 240 lvl is retested. With a current uncertainty it can happen eny time the maret will spike up to 300+ lvl.
The risk of the idea is that the dollar will not weaken further and the cross would stay in the 195-235 range.