🔥 Ethereum Facing Resistance At All Time High

Around a week ago, I made an analysis on ETH. In this analysis I argued that the Head & Shoulders pattern was very bullish and making its way to 4k.

In the end, ETH managed to push further towards the ATH around $4375. I was waiting with an analysis to see what the price did in case we faced some resistance.

The ATH is a very strong resistance. Bitcoin made a new ATH yesterday, but ETH failed to do so today, launching the price downward.

In the worst case scenario we're going to re-test 4K in the coming few hours. Not expecting a stronger bearish move anytime soon.

In case you're looking for a nice shorter term entry, keep an eye on the 4K level.

Happy trading!