Resistance: resistance zone is located between $4,700 and $4,800, it is all time high level there are some profit booking whic led to a short reversal,
Support:The primary support is the rising trendline, which has been guiding the price upwards since early September.
There's also a strong horizontal support zone between $4,100 and $4,200. A break below the rising trendline would likely test this lower support level.
An intermediate support level is visible around $4,300 to $4,400, which is where the price is currently hovering.
Ethereum is currently in a high-stakes waiting game. The price is consolidating, building energy for its next major move or all time high. The most prudent strategy is to remain patient and wait for a confirmed breakout or breakdown before entering a position. Waiting for a break of the key resistance at $4,700 or the key support at $4,100 provides a clear entry signal and allows for better risk management.
Support:The primary support is the rising trendline, which has been guiding the price upwards since early September.
There's also a strong horizontal support zone between $4,100 and $4,200. A break below the rising trendline would likely test this lower support level.
An intermediate support level is visible around $4,300 to $4,400, which is where the price is currently hovering.
Ethereum is currently in a high-stakes waiting game. The price is consolidating, building energy for its next major move or all time high. The most prudent strategy is to remain patient and wait for a confirmed breakout or breakdown before entering a position. Waiting for a break of the key resistance at $4,700 or the key support at $4,100 provides a clear entry signal and allows for better risk management.
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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.