ETHUSD Breakout Eyes First Major Hurdle
A breakout of the monthly opening-range takes Ethereum towards the first major technical zone at the August highs / 100% extension of the late-November advance at 2029/42- look for a larger reaction there IF reached.
Initial support rests with the August high-day close at 1936 backed by bullish invalidation at the monthly open (1821).
A topside breach exposes slope resistance (currently ~2150s) backed by the 100% extension of the broader June advance at 2222.
Initial support rests with the August high-day close at 1936 backed by bullish invalidation at the monthly open (1821).
A topside breach exposes slope resistance (currently ~2150s) backed by the 100% extension of the broader June advance at 2222.
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.