Today ETH formed a bullish Engulfing. The candle is obviously bullish, but it is so poorly supported by technical indicators that a strong confirmation is required, preferably tomorrow. If it happens on Sunday, the weekly closing candle has a chance to get a bullish shape. A closure above ~$4146 would seal the deal, but any other closure below this level would keep the odds neutral or even bearish.
So far, ETH has almost equal chances to continue the bullish or the bearish paths, as charted below.
The weekly closure would be the key for the mid- and long-term perspectives.
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