Ethereum has been rising for about 2 weeks now, rising almost 60% from its low. But there was no correction or consolidation during the rise, the market cannot grow forever, it needs to gain strength to grow higher.
Ethereum is now moving along the trend line. The market situation is uncertain. Let's look at two possible scenarios: a) The price breaks its trend line and goes to the area marked below. b) The second scenario is that the price rises to resistance squeezes near resistance, breaks through, and goes up.
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P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade