ETHUSD: A Historical Moment

ETHUSD, Weekly

In the Weekly timeframe, ETHUSD retests a broken global trendline. Price has crossed the MA200, and Chaikin has moved above 0, but there is Imbalance below, acting as a magnet for price.

• A break of the trendline above 2550 will make ETHUSD rise to 3050 possible;

• A bounce off the trendline will drop the price to 2100;