ETH appears to be weak right along with BTC, ETH had strong run that did not match BTC recently, we have some increasing selling pressure and a gapped MACD,
however we have ETH bouncing off that local trend line support, if 4HR candle closes above $3765 we can expect some more upward movement but if candle close below
the trendline we can see downward movement to $3291, so we will not enter trade here and we will wait for confirmations. Always wait for confirmations.
Resistance: trendline $3677/$3765/$4161/$4368
Support: $3291/$2958
Hope you enjoy my analysis and hard work
however we have ETH bouncing off that local trend line support, if 4HR candle closes above $3765 we can expect some more upward movement but if candle close below
the trendline we can see downward movement to $3291, so we will not enter trade here and we will wait for confirmations. Always wait for confirmations.
Resistance: trendline $3677/$3765/$4161/$4368
Support: $3291/$2958
Hope you enjoy my analysis and hard work