ARUSD
Arweave / United States dollar
crypto Composite

I think that in these days ETH is in a consolidation phase, and for now the bullish daily structure remains intact. Today, the price touched the short-term EMA, superficially retesting the upper part of the range formed between the low of November 21st around 2620 USD and the high of the subsequent AR on November 28th around 3100 USD (the zone tested today after two liquidity grabs around 2225 USD and subsequently around 2450 USD). After that, the price moved back inside the range, creating secondary support tests.
In my opinion, in these days the price should build the support from which the real markup will start (of course, without considering any negative macroeconomic or geopolitical news), so there could be a deeper low (zone 3050 USD / 3070 USD up to 3000 USD as a psychological level). That resistance between 3290 USD and 3450 USD is tough, but we’re talking about ETH, the crypto of cryptos!
I’d love to know if anyone shares this view, or if someone instead expects a more bearish future, and why.
Thanks a lot

I think that in these days ETH is in a consolidation phase, and for now the bullish daily structure remains intact. Today, the price touched the short-term EMA, superficially retesting the upper part of the range formed between the low of November 21st around 2620 USD and the high of the subsequent AR on November 28th around 3100 USD (the zone tested today after two liquidity grabs around 2225 USD and subsequently around 2450 USD). After that, the price moved back inside the range, creating secondary support tests.
In my opinion, in these days the price should build the support from which the real markup will start (of course, without considering any negative macroeconomic or geopolitical news), so there could be a deeper low (zone 3050 USD / 3070 USD up to 3000 USD as a psychological level). That resistance between 3290 USD and 3450 USD is tough, but we’re talking about ETH, the crypto of cryptos!
I’d love to know if anyone shares this view, or if someone instead expects a more bearish future, and why.
Thanks a lot