ETH presents a weekly chart with a TRENDLINE still bullish and compared to BTC it has a bit more strength.
For now it seems to follow the six-monthly cyclical analysis of a few weeks ago and I will be curious to see how it continues, if it follows this cyclicality we should reach 5k between June 1st and June 15th, this is what I would like to see.
For now on the weekly we are in the resistance zone MA 30 periods at an altitude of 3200 and an intermediate cluster always at this price.
Remaining on the short-term technical analysis on the Daily we are always inside this big bear flag , we have regained the moving average 10 and 30 as support, but we have rebounded on 200 But a very strong resistance that if it breaks gives me some hope.
Looking closer we can see that we are inside another smaller bear flag which if broken with a nice candle could act as a support along with the 200 MA.
We need to break 3.2k with a high volume green candle, this is the first impulse which would give me a strong signal for a long time