@bettyea
$ETH retested the downtrend line formed by the pullback after hitting a new high last night, and printed a long lower wick on the 4h chart.
However, since this pullback has created a local lower low, it's still too early to flip fully bullish. If the price can bounce and break through the 4500 resistance level, we could at least target the 4700+ area.
The breakout and retest of the trendline only lay the groundwork for a potential reversal on the lower timeframes.
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