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Technical analysis by Saadmeem about Symbol ETH on 4/20/2025

https://sahmeto.com/message/3429928
Saadmeem
Saadmeem
Rank: 25474
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،Technical،Saadmeem

There are two scenarios around here! First, ETH is creating semi diamond pattern which is reversal and may trigger a bounce to ~$1.76k. Second, It is struggling with the downtrend line and SMA which are serious resistance that may cause a fall to ~$1.4K again. So keep watch on ~1.6K and see how ETH decide to move.

Translated from: English
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Signal Type: Neutral
Time Frame:
4 hours
Price at Publish Time:
$1,593.24
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