ETH ROAD TO 3,400
This chart represents Ethereum (ETH/USD) on the 4-hour timeframe, showing a clear ascending channel. After a significant bullish movement, the price has reached a resistance zone near $3,833.51 and is showing signs of potential rejection. The chart outlines a short trade setup with a target near the $3,524.19 and $3,417.95 support zones.
Key Levels:
Resistance: $3,833.51
Current price zone: $3,745.95 (potential pivot)
Support zones: $3,524.19 and $3,417.95
Fundamental Note: Ethereum's performance could be influenced by overall crypto market sentiment, regulatory updates, or advancements in blockchain technology, particularly related to network upgrades or institutional adoption trends.
Key Levels:
Resistance: $3,833.51
Current price zone: $3,745.95 (potential pivot)
Support zones: $3,524.19 and $3,417.95
Fundamental Note: Ethereum's performance could be influenced by overall crypto market sentiment, regulatory updates, or advancements in blockchain technology, particularly related to network upgrades or institutional adoption trends.
Trade closed: target reached
QUICK...
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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.
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.