If Ethereum closes above $2,345 with strong volume, it suggests bulls are in control and could push prices toward the next resistance at $2,400.
Failure to Break: If Ethereum fails to move past $2,345 and gets rejected, it could indicate that selling pressure is too strong, leading to a pullback.
Retest & Confirmation: Sometimes, price may briefly break above resistance but fail to hold. A successful retest where the resistance turns into support strengthens bullish momentum.
Volume & Momentum: Higher trading volume near resistance suggests strong market interest. Weak volume near resistance may indicate an upcoming rejection.
Failure to Break: If Ethereum fails to move past $2,345 and gets rejected, it could indicate that selling pressure is too strong, leading to a pullback.
Retest & Confirmation: Sometimes, price may briefly break above resistance but fail to hold. A successful retest where the resistance turns into support strengthens bullish momentum.
Volume & Momentum: Higher trading volume near resistance suggests strong market interest. Weak volume near resistance may indicate an upcoming rejection.
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.
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.