My recent target of 3k for 
ETHUSD was not only reached but surpassed. However, more importantly, Ethereum managed to break above important levels in achieving this feat. The previous recent high at 2700 was breached, as well as the resistance of the ascending channel initiated back in June 2022. All of these are strong bullish signs.
However, as in the case of
BTCUSD, the recent upward move is overextended, and a correction seems highly probable at this moment.
This normal correction could lead to a price drop to the 2700-2750 support level.
However, if bulls are unable to maintain this zone intact, the situation becomes gloomy. These two false upward breaks could potentially reverse the price even down to 2200.
In conclusion, a correction to 2700 is something normal and should not come as a surprise. However, a break below this level poses problems for bulls.
ETHUSD was not only reached but surpassed. However, more importantly, Ethereum managed to break above important levels in achieving this feat. The previous recent high at 2700 was breached, as well as the resistance of the ascending channel initiated back in June 2022. All of these are strong bullish signs.However, as in the case of
BTCUSD, the recent upward move is overextended, and a correction seems highly probable at this moment. This normal correction could lead to a price drop to the 2700-2750 support level.
However, if bulls are unable to maintain this zone intact, the situation becomes gloomy. These two false upward breaks could potentially reverse the price even down to 2200.
In conclusion, a correction to 2700 is something normal and should not come as a surprise. However, a break below this level poses problems for bulls.
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💎 Join the FREE Crypto Channel
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면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
🎯 Want More Trading Ideas?
📈 Join the FREE Forex & Gold Channel
👉 t.me/intradaytradingsignals
💎 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
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.