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Ethereum today’s strategic levels
Ethereum weekly chart shows a death cross, daily bottom KDJ is entangled.
WR has a turning point with a rebound demand.
12-hour bullish momentum is increasing.
4-hour bullish wave second leg. (No volume)
Downward channel not broken.
1-hour death cross has just formed.
Large and small time frame indicators are diverging.
In the larger time frame, short positions are the trend-following trades; in smaller time frames, rebound shorts.
All long positions are short-term longs.
Ethereum’s strength on June 1st does not indicate a trend reversal.
Resistance levels: 2006-2022-2047-2061
Support levels: 1980-1969-1955-1929
#ETH