The ETH/USD pair is showing signs of a potential upward move, according to the latest Elliott Wave analysis. đź“Š After completing a corrective phase, Ethereum seems poised for a new bullish wave. Key support levels have been identified around $2,601.42 and $2,611.52, which could serve as strong entry points for a long position.
This setup offers a compelling opportunity for traders looking to capitalize on Ethereum’s next potential rally. The wave structure indicates that the market may soon push higher, with initial targets around $2,664.46 and $2,680.80, providing a solid risk-reward scenario.
Now could be the ideal time to consider entering a long position as the market gears up for what could be a significant upward move. Whether you're an experienced trader or just starting out, this analysis offers valuable insights to help you make informed trading decisions. Let’s take advantage of this potential breakout and aim for higher gains together!
This setup offers a compelling opportunity for traders looking to capitalize on Ethereum’s next potential rally. The wave structure indicates that the market may soon push higher, with initial targets around $2,664.46 and $2,680.80, providing a solid risk-reward scenario.
Now could be the ideal time to consider entering a long position as the market gears up for what could be a significant upward move. Whether you're an experienced trader or just starting out, this analysis offers valuable insights to help you make informed trading decisions. Let’s take advantage of this potential breakout and aim for higher gains together!
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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.