Ethereum is showing similarities to the earlier push where we saw a shakeout (marked in the previous circled zone) before continuation to the upside. Currently, we’re seeing another break of structure, but as long as price holds above EMAs, the setup remains bullish. This could very well be another trap before the next leg up. First target stays $6,000, with the second target at $7,000 if buyers maintain control and secure higher levels.
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🚨 Authentic Traders
⚡️ Short-Term + Mid-Term Trades
Keep an eye on us and you will not regret it. 😉
Telegram: t.me/+fiEDSn7M9pJkODA0
⚡️ Short-Term + Mid-Term Trades
Keep an eye on us and you will not regret it. 😉
Telegram: t.me/+fiEDSn7M9pJkODA0
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.