Despite the weekly reversal candle, LTF is still looking strong, but with potential distribution
I think we see $ETH move for $4.6-5k this week, not convinced we get price discovery, i think we’re going to be in a large distribution/accumulation range for a couple weeks
However if we do smash $5k fomo could take over, but currently feels like the market needs to take a breath after the big upside move from $1.3k to here
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$ETH support has held
Despite the weekly reversal candle, LTF is still looking strong, but with potential distribution
I think we see $ETH move for $4.6-5k this week, not convinced we get price discovery, i think we’re going to be in a large distribution/accumulation range for a couple weeks
However if we do smash $5k fomo could take over, but currently feels like the market needs to take a breath after the big upside move from $1.3k to here