Ethereum (ETH): Sellers Pressuring Trend Line (Might Break)

2 days ago

Sellers are yet again pressuring the bullish trend line, which seems to be pretty weak at this point.

Previously this zone was a mark for huge volume and push to upper zones, but currently we are seeing that sellers are taking yet again dominance, possibly going for a break of that trend, a movement below 200EMA (white line).

If this week we will not see any signs of volume from buyers, we might see a trend switch from here!

Swallow Team

2 days ago

Note

We are back with Ethereum, where we are seeing the great work from 100&200EMA.

Despite us trading currently in some kind of sideways tunnel, we are seeing that buyers are struggling with breaking out of this path, where EMAs are pressuring the price down, which could lead to a possible breakdown of the local support zone.

We are looking here to see a break of that support rather than a break of EMAs, and once we get it, we will wait out for a confirmation re-test (good zone to open short).

yesterday

Note

Price has fallen nicely here and still keeps on falling further towards our second CME gap. As we recently broke the bullish trend (while going for the first CME gap), we are now seeing some kind of re-test attempts.

We are looking for further movement from here to lower zones, so eyes on the second CME!

6 hours ago

Note

Ethereum had also a nice push thanks to US election results.

Despite that we are not anything near ATH so this push was half filled but heres what's interesting.

Each time we have broken zone of EMAs we did not make a re-test and went straight for upper resistance zone (from where we got rejected).

Currently we are also looking for some further movement to upper zones towards that resistance zone from where we want to see a possible movement to lower zones back and finally fill a second CME gap just like we did fill that first one recently!