ETHUSD breaks significant resistance after a long consolidation. It hits an intraday high of $1906 and is currently trading around $1901.42.
Overall trend remains bullish as long as support $1500 remains intact. The key near-term resistance is at $1956 any breach above targets $2000/$2300/ $2500/$2770/$3000/$3400/$3600/$3800/$4000. A robust bullish trend will only materialize above $4100.
Immediate support is around $1750. Any violation below will drag the price down to $1675/$1620/$1500/$1200/$1000. A breach below $1000 could see Ethereum plummet to $800/$500.
It is good to buy on dips around $1875 with SL around $1500 for a TP of $2770/$3000.
Overall trend remains bullish as long as support $1500 remains intact. The key near-term resistance is at $1956 any breach above targets $2000/$2300/ $2500/$2770/$3000/$3400/$3600/$3800/$4000. A robust bullish trend will only materialize above $4100.
Immediate support is around $1750. Any violation below will drag the price down to $1675/$1620/$1500/$1200/$1000. A breach below $1000 could see Ethereum plummet to $800/$500.
It is good to buy on dips around $1875 with SL around $1500 for a TP of $2770/$3000.
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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.