Eth established strong floor. Rise to 4k next?
Updated
Like the entire crypto market, 
ETHUSD has initiated a much-needed correction since mid-March.
After an initial dive to the 3k zone, Ethereum recovered and made a local high at 3.6k. Subsequently, another drop occurred, but bulls held strong at the 3.2k zone, establishing a solid floor.
At the time of writing, the price is near 3.4k, and bulls appear to be in control. I anticipate a continuation to the upside, with a new test of the 4k resistance level.
I will maintain my bullish stance as long as the price remains above 3.2k in terms of daily closing.
ETHUSD has initiated a much-needed correction since mid-March. After an initial dive to the 3k zone, Ethereum recovered and made a local high at 3.6k. Subsequently, another drop occurred, but bulls held strong at the 3.2k zone, establishing a solid floor.
At the time of writing, the price is near 3.4k, and bulls appear to be in control. I anticipate a continuation to the upside, with a new test of the 4k resistance level.
I will maintain my bullish stance as long as the price remains above 3.2k in terms of daily closing.
Note
Eth has risen, as expectedNow is facing interim resistance and a breath of this level would expose 4k
Note
Ethereum has cleared 3650 zone resistance.The focus is now on 4k important zone
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
🌟 Bust your trading with 50% deposit bonus:
secure.m4markets.com/links/go/5426
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
🌟 Bust your trading with 50% deposit bonus:
secure.m4markets.com/links/go/5426
Related publications
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.