We are not looking at Ethereum towards the bullish side and momentum. Once the market retraces back at the support level priced at 1830, it has the potential to go towards the resistance level at the price of 1960. Market has formed a higher high and higher low and is in the bullish momentum as of now.

The desencind trendline has broken out for buys and market is testing the resistance level now.

There is no retracemenet level in this current setup of the market.

EMA 50 is at bullish and might not retest the support level with the EMA 50.

RSI is at 66. It needs to hop down towards the neutralized level of 50, where the market can be formed at the support level.

Missed bounce on ETHEREUM

Jul 02 2023