hello guys!
Key points to consider:
Support Zone: The $3,160–$3,200 zone acted as support, and Ethereum’s price has bounced strongly from this level, which could indicate further upward movement if the price remains above this zone.
Resistance Zone: Ethereum is approaching the $3,600 resistance level, which has capped the price previously. A breakout above this level would likely trigger a move toward the next target near $3,760–$3,800.
Trend Reversal or Continuation: If the price fails to break through $3,600, it could revisit the support zone, with the potential for a continuation of the overall downtrend. However, a confirmed breakout above $3,600 could signal a continuation of the bullish trend toward higher targets.
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Brief:
Ethereum is testing key resistance at $3,600 after bouncing from a strong support zone around $3,160–$3,200. A breakout above this resistance could push the price towards $3,760–$3,800, while failure to break it could lead to a retest of lower levels. Monitoring the price action around $3,600 will be crucial for determining the next direction.
Key points to consider:
Support Zone: The $3,160–$3,200 zone acted as support, and Ethereum’s price has bounced strongly from this level, which could indicate further upward movement if the price remains above this zone.
Resistance Zone: Ethereum is approaching the $3,600 resistance level, which has capped the price previously. A breakout above this level would likely trigger a move toward the next target near $3,760–$3,800.
Trend Reversal or Continuation: If the price fails to break through $3,600, it could revisit the support zone, with the potential for a continuation of the overall downtrend. However, a confirmed breakout above $3,600 could signal a continuation of the bullish trend toward higher targets.
___________________________
Brief:
Ethereum is testing key resistance at $3,600 after bouncing from a strong support zone around $3,160–$3,200. A breakout above this resistance could push the price towards $3,760–$3,800, while failure to break it could lead to a retest of lower levels. Monitoring the price action around $3,600 will be crucial for determining the next direction.
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🟢 Telegram channel: t.me/melikatrader94
🔴 Forex channel: t.me/melikatrader94GoldForex
🟢 ADX & DFM channel: t.me/ADXandDFM
🔴 Tiktok: tiktok.com/@melikatrader94?is_from_webapp=1&sender_device=pc
🔴 Forex channel: t.me/melikatrader94GoldForex
🟢 ADX & DFM channel: t.me/ADXandDFM
🔴 Tiktok: tiktok.com/@melikatrader94?is_from_webapp=1&sender_device=pc
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.