ETHUSDT ($1300 Strong Resistance?)

💎Technical Analysis Summary💎



BINANCE: ETHUSDT

-Ethereum is having trouble to break above 1300 dollars
-We can see two potential double top near a 1.3k area
-It is now testing the 20ma support area and 0.5 Fib level
-If the Bulls wants to keep the uptrend going
-They must defend the mid 1.1k dollars area
-Because if they failed to hold it and retested as resistance
-That is a bad sign and a potential short-term downtrend will happen
-But everything always depends on the next Bitcoin movement
-Let's hope Bitcoin can maintain its current price levels
-And consolidate longer so the altcoins may have the chance to rally up again




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