At the moment, Ethereum is also showing recovery, but at a slower pace compared to Bitcoin. This week’s pivot point is at 4,137, and the price is currently trading above it.
A local correction would be reasonable, with support expected in the 4,050–4,000 range. There’s also an ascending trendline acting as support. The risk level is 3,966 — if it breaks and the price fails to reclaim it, the likelihood of continued downside increases.
A breakout above 4,229 and consolidation would bring back a bullish outlook.
A local correction would be reasonable, with support expected in the 4,050–4,000 range. There’s also an ascending trendline acting as support. The risk level is 3,966 — if it breaks and the price fails to reclaim it, the likelihood of continued downside increases.
A breakout above 4,229 and consolidation would bring back a bullish outlook.
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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.