$ETH Finally Started Gaining Some Momentum📈
💸💸💸
But the question arises how long is it going to sustain?
Yesterday it almost made it to the $4K level, broke above that descending trendline and did a successful retest. But we witnessed a rejection from the upper band (Bollinger Band). It again surpassed $3950 today which is the local resistance and got rejected.
The good news is it is still holding above the $3900 level and staying comfortably above the local support $3800. Although technical indicators are Bullish on the 1H, 4H & daily chart. All we need is a closing above $4K on the daily chart.
The volatility remains high after the Monday crash and even after a strong rebound we need to be watchful. Be careful with those longs and mind the leverage. A ray of hope comes in as Saturdays are mostly bullish in a bull run.