Ethereum (ETH): Possible Zone of Rejection / Hammer Candle
2024-12-16
Category: None

+60% movement on Etherum we had so far, where last week we reaced the resistance zone, forming a hammer candle right there as well. 

With that being said, we have 2 ways from here; now considering the candle we formed with a long wick, we might see a break of structure on smaller timeframes and a price to move to new ATHs. 

If we do not see a break of resistance, then we will re-test the lower zones. 

We are expecting to see a breakout anytime soon so eyes wide open!!!

Swallow Team 