Hello guys...
Ethereum has broken out of its long-term descending channel and is currently trading inside a smaller ascending channel, showing strong bullish momentum. After a "fake breakout" below major support around $1,400, ETH quickly reclaimed higher levels, suggesting a bear trap.
Currently, ETH is approaching the critical resistance zone around $2,000. As long as the price stays inside this rising structure and continues making higher lows, the bias remains bullish toward a test of the major resistance.
✅ A clear breakout above $2,000 could trigger a stronger move up.
⚠️ However, if the structure breaks down, we should watch for potential pullbacks.
___________________________
Key Levels to Watch:
Ethereum has broken out of its long-term descending channel and is currently trading inside a smaller ascending channel, showing strong bullish momentum. After a "fake breakout" below major support around $1,400, ETH quickly reclaimed higher levels, suggesting a bear trap.
Currently, ETH is approaching the critical resistance zone around $2,000. As long as the price stays inside this rising structure and continues making higher lows, the bias remains bullish toward a test of the major resistance.
✅ A clear breakout above $2,000 could trigger a stronger move up.
⚠️ However, if the structure breaks down, we should watch for potential pullbacks.
___________________________
Key Levels to Watch:
- Support: $1,720–$1,750 zone
- Resistance: $2,000–$2,050 zone
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🟢 Telegram channel: t.me/melikatrader94
🔴 Forex channel: t.me/melikatrader94GoldForex
🟢 ADX & DFM channel: t.me/ADXandDFM
🔴 Forex channel: t.me/melikatrader94GoldForex
🟢 ADX & DFM channel: t.me/ADXandDFM
Publikasi terkait
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.