Ethereum There is good news, but also bad news.

Ethereum recently reached its old high and that after a long crash before. After reaching the high at $1440, we saw the first profit-taking. The first bounce off such an important mark is quite normal and should not shock anyone. The future will depend, as always, on demand and profit-taking. Let's take a look at the situation on the lower time units.

Let's start with the bad news. A nasty nail has formed on the 3-day chart. These are probably the first signs of tiredness 💤

Hope dies last and on the 6-hour chart it also looks quite positive. Another rebound from the trend line is visible here and could attract new buyers into the market again.

Finally, the situation on the PG front. There are two big signals on a weekly basis and they are both well into the move. Those who have held their position so far congratulations 👌 maybe we will see new signals and breakouts on the upside but this is not apparent at the moment. So it is not wrong to realise profits from time to time. It remains to be seen whether there will be a strong and rapid retracement like in bitcoin.

Source: (Guidants/Godmode Trader) & JFD Broker & Binance

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