Descending Triangle Formation: ETH is consolidating within the descending triangle pattern. The downward-sloping trendline represents resistance, while the flat support at the base provides a crucial level to watch.
Current Price: Trading at $3,368.63, ETH is near the lower boundary of the triangle.
$3,400 – $3,450: Immediate resistance area. A breakout above the descending trendline would indicate bullish momentum.
$3,800 – $4,000: A breakout confirmation target range.
$3,200 – $3,250: Crucial support area. A breakdown below this level could invalidate bullish scenarios and lead to further declines.
21 EMA (black): $3,387 – Providing short-term resistance.
50 EMA (red): $3,562 – Acting as dynamic resistance, a breakout above this would signal renewed bullish momentum.
ETH moving above $3,450 (descending trendline) could lead to a rally towards $4,000 – $4,400 with significant volume.
The green arrow shows this potential uptrend.
Let me know if you’d like further assistance or adjustments!
DYOR. NFA
Current Price: Trading at $3,368.63, ETH is near the lower boundary of the triangle.
$3,400 – $3,450: Immediate resistance area. A breakout above the descending trendline would indicate bullish momentum.
$3,800 – $4,000: A breakout confirmation target range.
$3,200 – $3,250: Crucial support area. A breakdown below this level could invalidate bullish scenarios and lead to further declines.
21 EMA (black): $3,387 – Providing short-term resistance.
50 EMA (red): $3,562 – Acting as dynamic resistance, a breakout above this would signal renewed bullish momentum.
ETH moving above $3,450 (descending trendline) could lead to a rally towards $4,000 – $4,400 with significant volume.
The green arrow shows this potential uptrend.
Let me know if you’d like further assistance or adjustments!
DYOR. NFA
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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.