Bullish ETH 05 May 2022

We can estimate with a 90% confidence that the volatility for today is going below 4.45% based on the last 2429 Daily candles.


Having said that, lets take a look at the support and resistence points from this current position
BOT = 3065
TOP = 2800

From the fundamental point of view, yesterday we had the release of the interest rates, so I believe currently we are in a short relief moment, where we can have for some days/weeks a small bull trend

For today we have no big volatility news, so we cant expect big surprises.

From volume point, we can see that the point of concentration is around 2900-2950.

From technical analysis point, we can see that yesterday on 15min, we had a long entry alert around 2800
At the same time, on 30 min it happened the same around 2830

Lastly on 1h we had as well an entry around 2860


So overall there is a very confidence that we are going to have a small bull moment period(days, weeks? )