ETHUSD is forming a gorgeous rally after breaking through the consolidation resistance of 2838. There was an idea where I pointed out the importance of this area. The coin is up almost +19%
Idea: ETHUSD → What's the significance of 2300? When's the growth?
Technically, the price is currently forming a trend retest and is at its highs. High interest in etherum as well as strong fundamentals play a favorable role for further strengthening of the pair. The main fundamental frontier is ETH-ETF, analysts are waiting for approval in summer, but so far it is only a rumor.
Technically, after the rally, the price can form a false break of trend resistance and 2788.8 and form a correction to the risk area - 0.236 fibo or 2644 before further growth. But the market is so strong that consolidation above 2788.8 may form a local bottom, which will favor further growth to the above targets.
Support levels: trend, 0.236 fibo, 2644
Resistance levels: 2788.8, 2952, 3275
A strong bullish trend may form a stop or a small correction before further growth. Technically and fundamentally everything is predisposed to the trend continuation.
ETH1! ETH 
TOTAL Regards R. Linda!
Note
Retest (consolidation)Trade closed: target reached
intermediate target achieved)Note
The $3000 retest continuesTrade closed: target reached
intermediate target achieved)Trade closed: target reached
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🌹TRADING is a CASINO💔!?
NO‼️
You❗️CAN and ❗️SHOULD make money in trading!
Join me, I'll guide you to PROFITABLE TRADING💵!
🟢Free Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
NO‼️
You❗️CAN and ❗️SHOULD make money in trading!
Join me, I'll guide you to PROFITABLE TRADING💵!
🟢Free Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
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.