Ethereum (ETH) - Nr 7 - Breathing

Ethereum is a bit lateralized in the very short term trying to gain strength to overcome the resistance to the $ 650 level.

In addition to stronger resistance traced by the blue lines, it is important to break the shorter-term downline drawn in orange.

Expanding the analysis to the daily chart, we can observe that the ETH selling side is weaker, with candles of uncertainty, giving room for a reaction.

I’ll keep you updated.

Obs.: Do not take any material or analysis in this blog as a recommendation. It's just my opinion and this is not a financial advice.