Technical analysis by andypro16 about Symbol ETH: Buy recommendation (3/26/2023)

ETH has broken the down trendline, and some people may think it could be a false breakout. From the technical point of view, if this is a false breakout, it is likely that ETH will at least test the upside liquidity zone and show a significant rejection pattern before it goes down. If it is a valid breakout, of course it will go up. So in both scenarios, it is likely ETH will hit at least $2000.$2000 - $2200 is heavy resistance with strong selling pressure. If ETH does not hit those large sell orders at that liquidity zone, there is no significant selling pressure at this moment.