Ethereum at Crucial Resistance – Will the Bulls Hold or Fade?”
Ethereum is currently trading near a key resistance zone around $3,800, as marked on the chart. After a strong bullish rally with clear Break of Structures (BOS) along the way, ETH has now reached an extended point where price may face selling pressure.
The Bollinger Bands are stretched, showing overextension, and the marked arrow suggests a possible correction or pullback from this level. A retest of previous support zones (~$3,400–$3,200) could be expected if the resistance holds.
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Key Levels:
• 🔼 Resistance: ~$3,800
• 🔽 Support: ~$3,400 / ~$3,000
• 🔄 Price Action: Watching for rejection or breakout confirmation
This is a textbook case of price approaching a strong resistance level after a bullish wave, where caution and confirmation are key for the next move.
Ethereum is currently trading near a key resistance zone around $3,800, as marked on the chart. After a strong bullish rally with clear Break of Structures (BOS) along the way, ETH has now reached an extended point where price may face selling pressure.
The Bollinger Bands are stretched, showing overextension, and the marked arrow suggests a possible correction or pullback from this level. A retest of previous support zones (~$3,400–$3,200) could be expected if the resistance holds.
⸻
Key Levels:
• 🔼 Resistance: ~$3,800
• 🔽 Support: ~$3,400 / ~$3,000
• 🔄 Price Action: Watching for rejection or breakout confirmation
This is a textbook case of price approaching a strong resistance level after a bullish wave, where caution and confirmation are key for the next move.
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Daily updates for all VIP members Join our active Telegram traders Community
t.me/MentorMichaellearningHub
t.me/Mentor_Michael03
t.me/MentorMichaellearningHub
t.me/MentorMichaellearningHub
t.me/Mentor_Michael03
t.me/MentorMichaellearningHub
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.