After more than a week, Ethereum successfully broke out of the range zone yesterday and stabilized above it with the 1-day candle.
Currently, this adjustment appears to be brief and possibly the final retest of the area.
Following this correction, I anticipate a breakout above the strong resistance level, leading to a rise towards 2,146. At this level, a temporary pullback may occur to gain momentum before breaking through the resistance. Once surpassed, the price is likely to advance towards 2,364, fully overcoming the resistance zone and ultimately reaching 2,577.
Bullish target: 2015, 2146, 2364
Bearish target: 1861, 1765, 1516
Currently, this adjustment appears to be brief and possibly the final retest of the area.
Following this correction, I anticipate a breakout above the strong resistance level, leading to a rise towards 2,146. At this level, a temporary pullback may occur to gain momentum before breaking through the resistance. Once surpassed, the price is likely to advance towards 2,364, fully overcoming the resistance zone and ultimately reaching 2,577.
Bullish target: 2015, 2146, 2364
Bearish target: 1861, 1765, 1516
Trade active
the price trades below the strong level at 2015, waiting the push-up break this level and stabilize above it, to avoid the consolidation zone and start the bullish trend
Profit isn’t about luck, it’s about strategy. Get free signals and trade smarter: Telegram Channel [t.me/ArinaMarketAnalysis].
The market is waiting—you can make money, and you should.
The market is waiting—you can make money, and you should.
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.
Profit isn’t about luck, it’s about strategy. Get free signals and trade smarter: Telegram Channel [t.me/ArinaMarketAnalysis].
The market is waiting—you can make money, and you should.
The market is waiting—you can make money, and you should.
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.