ETH Weekly Chart Quick ReviewBoth ETH and Bitcoin have gained momentum this month, exhibiting five consecutive bullish candlesticks. However, the price is currently trading just below a significant supply zone.
These zones are:
0.382 Fibonacci Resistance Level
EMA100
Trendline of the Symmetrical Triangle
The decreasing size of the candlestick bodies suggests a weakening trend and the possibility of a trend reversal. However, if the price breaks through the key level, a potential upward trend could emerge if supported by strong buying volume to avoid a false breakout.
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