ETHUSDT.P is forming a correction following a short squeeze. The altcoin is testing a key support level within its uptrend and may continue to rise. The uptrend remains intactBitcoin is consolidating above the 80,000 mark, having previously opened a new range of 80,000–95,000. The consolidation is forming above resistance, i.e., in the buying zone.
Accordingly, the flagship coin’s bullish momentum will support altcoin prices.
Ethereum is forming a liquidity hunt (correction) within the trading range. The correction does not break the bullish trend but gathers liquidity for a possible breakout of the consolidation resistance.
Resistance levels: 2,385, 2,398, 2,463
Support levels: trendline, 2313, 2250
If the bulls hold the price above 2315, this will confirm the formation of a local bottom and support the bullish trend. A breakout above 2400 could trigger a rally toward 2600
Best regards, R. Linda!
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🌹TRADING is a CASINO💔!?
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: telegram.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: telegram.me/RLindaSignals
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: telegram.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: telegram.me/RLindaSignals
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.