After reaching its peak at 4000 on March 11th, 
ETHUSD began to correct lower towards the 3000 zone, which is the next important level.
Despite bearish attempts to push the price below this level over the past trading month, they have failed each time.
The decline from the recent peak at 4000 is also confined within a falling wedge pattern, which typically indicates a reversal to the upside.
This scenario becomes more plausible with a break above the confluence resistance ranging from 3200 to 3250.
In such an instance, we could anticipate the upward momentum to persist, potentially leading the price to retest the 4000 zone once again.
ETHUSD began to correct lower towards the 3000 zone, which is the next important level. Despite bearish attempts to push the price below this level over the past trading month, they have failed each time.
The decline from the recent peak at 4000 is also confined within a falling wedge pattern, which typically indicates a reversal to the upside.
This scenario becomes more plausible with a break above the confluence resistance ranging from 3200 to 3250.
In such an instance, we could anticipate the upward momentum to persist, potentially leading the price to retest the 4000 zone once again.
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🎯 Want More Trading Ideas?
📈 Join the FREE Forex & Gold Channel
👉 t.me/intradaytradingsignals
💎 Join the FREE Crypto Channel
👉 t.me/FanCryptocurrency
📈 Join the FREE Forex & Gold Channel
👉 t.me/intradaytradingsignals
💎 Join the FREE Crypto Channel
👉 t.me/FanCryptocurrency
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.