Ethereum Weekly
On the weekly time frame, we have hidden monthly support visible ($250). In the area, we would like to get buy entry that would be targeting at least upper area of the range if not $600-700 in case of a breakout.
I do not see a reason to short this on large time frames. Yeah, the pullback may happen and probably will but that signs are used to wait for better long entry, not to get into the short.
On the weekly time frame, we have hidden monthly support visible ($250). In the area, we would like to get buy entry that would be targeting at least upper area of the range if not $600-700 in case of a breakout.
I do not see a reason to short this on large time frames. Yeah, the pullback may happen and probably will but that signs are used to wait for better long entry, not to get into the short.