Ethereum / Tether

ETHUSDT 12H chart uptrend

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1. Breaking out of the downward channel
• Black lines show an earlier inheritance channel.
• The course struck the mountain and it is quite dynamically, which is a strong upward signal.

2. Current price
• ETH is around USD 4,274, just below the resistance at USD 4,304.
• Another resistance is 4,484 USD (potential target if the upward trend persists).

3. Support
• The next support: 4,048 USD - if the course is corrected, then there may be the first "test".
• stronger support below: USD 3,930, $ 3,709, $ 3,487.

4. Indicators
• MacD: MacD line strongly above the signal, the histogram is growing - confirms the upward trend.
• RSI: around 75 - close to the purchase zone, which can mean a short -term correction, but with a strong RSI trend can stay high for a long time.

5. Scenarios
• Bull: Punction and maintenance above USD 4,304 can open the road to 4,484 USD and possibly higher.
• Bear: rejection from USD 4,304 and a descent below 4,048 USD may cause a deeper correction in the direction of $ 3,930 or even $ 3,709.

📌 The short -term market is warmed up, so a small pullback is possible, but the structure looks very bullshit after this burst from the downward channel.

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