Hi!
ETH is currently trading inside a rising channel after reclaiming support around $1,675–1,680. Price has pushed higher, but it’s approaching a key resistance area near $1,720, where sellers have stepped in before.
My expectation is a short-term pullback from the current levels toward the lower boundary of the channel around $1,695–1,700. As long as that trendline support holds, the structure remains bullish and could provide the base for the next move higher.
From there, I’m looking for a bounce that targets the green resistance zone around $1,748–1,750, which also aligns with the upper channel resistance and a previous supply area. A clean break above that level would strengthen the bullish outlook, but for now the most likely path is a dip to channel support first, followed by a move back up into the $1,750 region.
ETH is currently trading inside a rising channel after reclaiming support around $1,675–1,680. Price has pushed higher, but it’s approaching a key resistance area near $1,720, where sellers have stepped in before.
My expectation is a short-term pullback from the current levels toward the lower boundary of the channel around $1,695–1,700. As long as that trendline support holds, the structure remains bullish and could provide the base for the next move higher.
From there, I’m looking for a bounce that targets the green resistance zone around $1,748–1,750, which also aligns with the upper channel resistance and a previous supply area. A clean break above that level would strengthen the bullish outlook, but for now the most likely path is a dip to channel support first, followed by a move back up into the $1,750 region.
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the long position has been activatedTrading ditutup: target tercapai
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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
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.