Right guys, if we see the margining area it seems quite complicated to make smooth analysis because its still in the consolidation and mode.
Ethereum has major resistances at the level of 1402-11
The Ethereum support tap its back many times at 1287 but still it tended to move downwards heavily and the support seems much weaker than the resistance.
Ethereum main cover area lies in breaking the small support of 1287 the 1252 then 1220.2 which probably it is going to break.
Don't be always happy that it's a bullish time because sometimes bears make a good fakeout by acting as bears for sometime so the they could sell with a great pressure.
Tp 1: 1196
Tp 2: 1134
Tp 3: 1080
Wish you all best of luck 🍀🤞
Ethereum has major resistances at the level of 1402-11
The Ethereum support tap its back many times at 1287 but still it tended to move downwards heavily and the support seems much weaker than the resistance.
Ethereum main cover area lies in breaking the small support of 1287 the 1252 then 1220.2 which probably it is going to break.
Don't be always happy that it's a bullish time because sometimes bears make a good fakeout by acting as bears for sometime so the they could sell with a great pressure.
Tp 1: 1196
Tp 2: 1134
Tp 3: 1080
Wish you all best of luck 🍀🤞