ETH has formed a hanging man on the weekly chart at a high level!! Everyone needs to follow closely, if this week closes below 4250, it means a top has appeared! A pullback on the weekly level will occur, and we may even see around 3910!

Currently, the 3-day and daily levels are forming a top model and trending downwards. The MACD volume at the daily and 4-hour levels continues to ferment towards bearish volume and will continue to create recent lower points! At present, the small level resistance will be formed at 4360-4380, while the support trend line at 4200-4220 will experience a slight rebound! If it breaks down further, it will reach the support level of 4160, and another breakdown will aim for 3910!

The major resistance above ETH that needs to be followed is at the levels of 4360-4450-4500, while the support levels below at 4220-4160-3910 will be the support levels for various grades where a pullback or bottom may occur!

From the trend perspective this week, both Bitcoin and ETH are looking downward. We need to see if the weekly level can receive strong support! If not, the downward trend will continue next week! However, with spot trading coming in, we still need to layout for spot trading!

For example: OKB 80-85 SOL 170-175 are relatively good entry spot prices! #BTC #ETH