Ethereum has been stuck in a 1820-1980 dollar box for three weeks and now sits near the middle of it at about 1866 dollars.
At the 1980 high, heavy volume and a long upper wick appeared, and the signal that price rose while the strength behind the rise faded overlaps with the pullback area near 1900 dollars.
If price climbs back above 1980 dollars this bearish call is simply wrong, which is exactly why the stop sits just above it at 1988 dollars.
The full analysis is for members
Analysis by methodology (ICT, Wyckoff, Elliott, divergence, macro, news), invalidation levels, R:R and confidence are in the member report.
