As expected found support at the $23,300 – $23,600 support zone after rejecting from $24,000 – $24,200 resistance zone. Good reaction from price at the support zone there and we can expect higher prices although price may want to test the support zone again.

The bullish trend for ETH continues which is a good sign although price is still trying to break through the major resistance zone. The breakout of that zone should come in soon.

As anticipated, we have seen a decent retracement. The trendline support held up really nicely as well as the minor support zone. And so the bullish run should continue. If the support fails, we’ll see a decline in price.


Retraced as expected, found support we now well on our way to $45. Intraday longs can be taken with the resistance at $45 in view.

Still at the support zone and trading at the trendline support at the moment. Whatever happens here determines the next bias. If it holds we can be bullish else we should start looking out for short entries.

Let us know your favorite coins in the comment section below and you’ll have an in-depth analysis on them.

Featured image source:


  • Avatar
    August 9, 2022

    When is the perfect EP for Eth on futures?

    • Avatar
      Ohuka Chibuzor
      August 10, 2022

      Considering the current price action, the shorts should have come in yesterday following the rejection from the major support zone. But as it stands I’ll sit on my hands and watch how well the support zone will hold up including the trendline support.

Leave a Reply

Your email address will not be published. Required fields are marked *

Captcha Plus loading...