Bitcoin and Ethereum are about to experience a trend reversal
Last night, I already shared the resistance levels of the trend lines. Bitcoin is fluctuating around the trend line resistance, and Ethereum is also approaching its trend line. Moreover, it is standing above the 4-hour bull-bear dividing line. If it breaks out effectively, there could be a decent increase.
Currently, Ethereum is at the Fibonacci 0.786 level, with resistance at 3130-3140. You can consider a short position at this level, with a stop loss at 3180.
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Bitcoin and Ethereum are about to experience a trend reversal
Last night, I already shared the resistance levels of the trend lines. Bitcoin is fluctuating around the trend line resistance, and Ethereum is also approaching its trend line. Moreover, it is standing above the 4-hour bull-bear dividing line. If it breaks out effectively, there could be a decent increase.
Currently, Ethereum is at the Fibonacci 0.786 level, with resistance at 3130-3140. You can consider a short position at this level, with a stop loss at 3180.