After reaching its peak at 4000 on March 11th, 
ETHUSD began to correct lower towards the 3000 zone, which is the next important level.
Despite bearish attempts to push the price below this level over the past trading month, they have failed each time.
The decline from the recent peak at 4000 is also confined within a falling wedge pattern, which typically indicates a reversal to the upside.
This scenario becomes more plausible with a break above the confluence resistance ranging from 3200 to 3250.
In such an instance, we could anticipate the upward momentum to persist, potentially leading the price to retest the 4000 zone once again.
ETHUSD began to correct lower towards the 3000 zone, which is the next important level. Despite bearish attempts to push the price below this level over the past trading month, they have failed each time.
The decline from the recent peak at 4000 is also confined within a falling wedge pattern, which typically indicates a reversal to the upside.
This scenario becomes more plausible with a break above the confluence resistance ranging from 3200 to 3250.
In such an instance, we could anticipate the upward momentum to persist, potentially leading the price to retest the 4000 zone once again.
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💎 Join the FREE Crypto Channel
👉 t.me/FanCryptocurrency
📈 Join the FREE Forex & Gold Channel
👉 t.me/intradaytradingsignals
💎 Join the FREE Crypto Channel
👉 t.me/FanCryptocurrency
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.