Ethereum - Profit Taking at Resistance(3,582.2)

ETHUSD Weekly Chart

On Feb 16, 2024, I wrote ETHUSD could be moving higher after taking out its previous high at 2727.5. See link below.

https://swingtrader188.blogspot.com/2024/02/ethereum-breakout.html

ETHUSD moved up strongly over the next 3 weeks before it closed last week with a dark cloud cover bearish candle after hitting its resistance at 3,582.2. Its trend is still bullish but it may stall and undergo profit taking before moving higher. The next resistance is at 4,868.8.

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