ETHUSDT is trading above its key support at 4,400 after a rebound from the upward trendline, showing resilience despite recent pullbacks. The structure highlights a breakout from the falling wedge and the formation of higher lows, signaling accumulation before continuation. If buyers defend 4,390, momentum could lift price toward 4,750 and potentially retest the broader resistance zone near 5,000. The overall outlook remains bullish as long as Ethereum holds above its trendline support.💡 Risks:
- A breakdown below 4,390 would weaken bullish momentum and expose downside toward 4,000.
- Sharp volatility in Bitcoin could spill over into Ethereum, limiting upside potential.
- Negative regulatory or macroeconomic news may trigger selling pressure across crypto markets.
If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!
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🔥 Daily GOLD and Forex updates with 20,000+ active traders:
t.me/LingridChannel
🚀 Daily CRYPTO setups:
bit.ly/3JIGE2j
t.me/LingridChannel
🚀 Daily CRYPTO setups:
bit.ly/3JIGE2j
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.