@etherealglimpse
The $ETH Bulls' First Counter Attack is Underway 💹
After being forced into a retreat from the all time high, the bulls of $ETH have finally launched their first major counter attack. The 4-hour chart shows a decisive breach of the downtrend trendline that has defined the correction, a clear signal that the sellers' momentum is broken.
The price has now captured the crucial Point of Control (POC) at 4,460, the area of highest liquidity.
The current consolidation for #ETH is the bulls fortifying this new position before attempting to push further into bear territory. This breakout is the most significant bullish development for $ETH in days.
View More
0 reply
0 recast
0 reaction