$ETH Price Prediction 04/05/2022
Ethereum / U.S. dollar BITSTAMP:ETHUSD
Yesterday’s H4 at post closed above buffer which furthered momentum to ~3550, however resistance continues to hold in to force us back to the cycle test zone (solid purple).
My hope was that we would make a push towards 3600 critical but recent PA shows that we could dip a bit further.
From a bullish perspective this would be a close at lower buffer (dashed) and a low at prior triangular support (solid blue).
In general any close below lower buffer would be my indication of a reversal although this may extend to triangular support depending on the ‘gap’.
