Ethereum (ETH): Possible Breakout or Breakdown??
2024-10-29

As we mentioned previously, we are 2 sided on ETH (weekly timeframe). 

Here you can see a better view of why we are in that spot, While price is trading in between those two yellow zones (support and resistance), we are waiting for a breakout or a breakdown from those zones in order to catch a downward movement or an upward movement. 

Overall, on bigger timeframe as well, you can see that sellers are dominating this sideways movement and are suppressing every attempt of upward movement.

So as of now, all we can do is wait and keep a close eye on those zones. 

Swallow Team 