$ETH UPDATE
Trade setup: Price is still in a long-term Uptrend. Following a bullish breakout from a Descending Triangle pattern, price spiked up 25% and reached $4K where it got rejected. Price pulled back on profit taking and filled the big gap from $3.2K to $3.7K, which could complete the consolidation phase. Now we look for the right entry opportunity in Uptrend. We would be buyers on pullbacks near $3,200 support for another swing trade entry in Uptrend with +25% upside potential back to $4K.
Nearest Support Zone is $3,200.00, then $2,930.00. Nearest Resistance Zone is $3,700.00, then $4,000.00.
