Continued POC plays
We identified last weekend that ETH has been consolidating above the POC, which is considered strong (red box on the left).
$ETH on the 4H level retraced to 2514 (red box on the right) early Monday morning after hitting a key position and has continued to rise, currently reaching a minor previous high around 2600; the main major resistance/take-profit area above remains in the 2680-2740 range.
Looking at the order book, the resistance above 2600 has been weakened by multiple attempts, increasing the likelihood of continuation upwards. However, the possibility of breaking through 2740 to test 2800+ is relatively low, as there is still a lot of selling pressure/orders above 2720.
Therefore, I am not currently looking at the 3000 that foreigners talk about. 2740 is the maximum position I can see in the short to medium term.
This article is sponsored by #BCGAME｜@bcgame @bcgamecoin
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