ETHEREUM TECHNICAL ANALYSIS, PUSH OR BREAK MOMENT?

Made a post this morning about the potential for ETHEREUM to push higher; that is if we are able to break the 2090$ regional resistance.

Unfortunately we were not able to break it and got rejected from that level.

However, we did indeed reach the 2050$ support, which is a very important support level. The price bounced off from that level, but with not much momentum.

So what does this mean?

Potential trade opportunity unfolding:

If Ethereum pushes past 2090$ regional resistance, we should reach the next level at around 2120-2150. 

This trade is a medium risk.

If Ethereum closes daily below 2050, then there is a also a a possibility that we will visit the 1990 support level.

HOWEVER, so far the bulls have been able to hold ethereum up, so there is more chance of a pump as of the moment.

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