the market had a breakout from the descending channel and now it’s testing the static resistance on 2750. Like Bitcoin , Ethereum needs to create a new Higher Hig above 2800$ (better above 2900) with confirmations and volumes

On the 4h Timeframe the price is testing the daily resistance below the 4h supply zone on 2800-2900$

How to approach?
IF the price is going to have a breakout from 2900-2950 and retest the previous resistance as new support, According to Plancton’s strategy, we can set a nice order
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Keep in mind.

• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.

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Follow the Shrimp 🦐