Ethereum (ETH): Good Rejection From Resistance, Attention 100EMA
2024-12-18
Category: None

Ethereum has done a decent rejection but nothing too much to consider it as a start of downward movement. 

Now that we had a nice rejection, our attentions are at that bounce zone near 200EMA, where upon breaking it we might see the start of downward movement. 

On the other hand, if we bounce from there again, then we will just trade in between the zones of resistance and 200EMA basically.

So now we wait for 200EMA to be reached 😉 

Swallow Team 