In spite of the crypto market crash, Ethereum actually moved very technically.
The break below the $4,300 support led to a drop toward the important $3,500 zone.
Although the price also broke below $3,850, a quick reversal followed — the rebound brought the price back above the $3,850 support and up to the $4,300 resistance.
A new wave of selling came next, but this time, the price stopped around the $3,850 support zone, confirming it as an important level.
A quick rebound followed, and now ETH is back above $4,000, trading around $4,100.
Also very important — the price of ETH is forming an ascending triangle, with resistance at $4,300.
A break above $4,300 will most likely accelerate gains toward the $4,900–$5,000 area, which is both a technical resistance and the target of the triangle.
I’m looking to buy on dips, preferably below $4,000, and considering the mentioned target, such a setup offers around a 1:3 or even 1:4 risk-reward ratio.
The break below the $4,300 support led to a drop toward the important $3,500 zone.
Although the price also broke below $3,850, a quick reversal followed — the rebound brought the price back above the $3,850 support and up to the $4,300 resistance.
A new wave of selling came next, but this time, the price stopped around the $3,850 support zone, confirming it as an important level.
A quick rebound followed, and now ETH is back above $4,000, trading around $4,100.
Also very important — the price of ETH is forming an ascending triangle, with resistance at $4,300.
A break above $4,300 will most likely accelerate gains toward the $4,900–$5,000 area, which is both a technical resistance and the target of the triangle.
I’m looking to buy on dips, preferably below $4,000, and considering the mentioned target, such a setup offers around a 1:3 or even 1:4 risk-reward ratio.
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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
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Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.