cryptofamily

ETH rally 

💧 The sentiment around the second crypto by capitalization has been abysmal lately - many have already "buried" ETH, and not without reasons. However, let's leave the fundamentals aside and see if technical signs are forming for a possible hate-rally.

🔘Month.  
Within the zone of interest of buyers in the discount received the primary confirmation of demand. Now the price is balancing imbalance, and further pricing is important: if rejection follows, it will be a negative signal for bulls; if imbalance is inverted, the situation is not in favor of bears. 

This is the first problem area for longs. At the same time it is a zone of interest for shorts with the main target - imbalance below equal lots at $2,100. We should wait for the November candle to close.

Technical analysis suggests potential for a bullish ETH rally. Buyers showing interest, but price must confirm demand. Longs facing resistance; shorts eyeing $2,100. November candle close will provide clarity. Stay tuned for market movements.