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.
Trade attivo
the long position has been activatedTrade chiuso: obiettivo raggiunto
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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
Pubblicazioni correlate
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.