$ETH Price Prediction 04/03/2022
Ethereum / U.S. dollar BITSTAMP:ETHUSD
Price remaining above the upper buffer (dashed line) which is a good sign so far in terms of weekly divergence; note the low touch off at the cycle test zone (CTZ).
Yesterday’s daily close formed somewhat of a shooting star yet remained above CTZ to prevent a reversal.
This isn’t to say that a double-top is no longer possible, if weekly close (vertical blue line) occurs somewhere near CTZ we could see this scenario develop.
If you’re short-term trading here I would personally wait until D1/W1 close; a close within the buffer (3400-3450) does not always indicate a bullish hold. It will depend a lot on low/close difference and the amount of volatility / volume .
