ETH: Potential setup

Good days, my Steemians friends.

We have been through a strong weekend, with ETH is trading range-bound between the $280 and $320 level. Although we had a test at $320 in last Friday, ETH is now trading within the $280 to $310 area.

Chart by Tradingview

From here, I may suggest two potential setups:

• Bright side: We might head to $320 resistance point, and potentially, we might break in further to the $354 area
• Not-so-bright: We lead to $250 level, which was the last time support for ETH.

In either case, I suggest that we should not enter any trade at the moment. I will put a Short order when ETH reaches $300 or $320 level since those were last time resistance.

For catching ETH, I will start booking my Long position from $250 range.

Good luck my friends!