📈 ETH/USD Technical Analysis – Strong Uptrend with Key Support
Trend Direction ➡️
The chart shows a clear bullish trend supported by an upward sloping trendline (green). Price action is consistently forming higher highs and higher lows, confirming strong upward momentum.
Support Zone 🟪
The highlighted support area (3,600 – 4,000) has been tested successfully. Price bounced strongly from this zone, showing buyers are actively defending this level.
Breakout & Momentum 🚀
After retesting support, ETH broke above the recent consolidation and is now trading around 4,843, pushing towards new highs. This signals bullish continuation if volume supports the move.
Trendline Confirmation 📐
The trendline has acted as a dynamic support multiple times. As long as ETH trades above it, the bullish trend remains intact.
Outlook 🔮
If ETH stays above 4,800, the next potential target could be 5,200+.
If price breaks below the trendline and the 3,600 support zone, bearish correction may begin.
✅ Summary: ETH is in a strong bullish trend 🚀, supported by both the trendline and key support zone. Short-term outlook remains bullish as long as 4,800 holds.
Trend Direction ➡️
The chart shows a clear bullish trend supported by an upward sloping trendline (green). Price action is consistently forming higher highs and higher lows, confirming strong upward momentum.
Support Zone 🟪
The highlighted support area (3,600 – 4,000) has been tested successfully. Price bounced strongly from this zone, showing buyers are actively defending this level.
Breakout & Momentum 🚀
After retesting support, ETH broke above the recent consolidation and is now trading around 4,843, pushing towards new highs. This signals bullish continuation if volume supports the move.
Trendline Confirmation 📐
The trendline has acted as a dynamic support multiple times. As long as ETH trades above it, the bullish trend remains intact.
Outlook 🔮
If ETH stays above 4,800, the next potential target could be 5,200+.
If price breaks below the trendline and the 3,600 support zone, bearish correction may begin.
✅ Summary: ETH is in a strong bullish trend 🚀, supported by both the trendline and key support zone. Short-term outlook remains bullish as long as 4,800 holds.
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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.
Related publications
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.