ETHUSD: The buyer's ready. Any chance of $4,000?
ETH gives hope. Lately, there has been a high interest from investors in the coin.
As for 3360, there is a buyer who is ready to fight. On the weekly timeframe, a false breakout is forming and an encouraging long tail, which means that overall, the bulls are not ready to let the price go lower yet.
All eyes are on the resistance at 3675. If the resistance is not passed, the price will close in the range of 3350-3675 for some time.
But, the buyers may show persistence and in this case the price may head for a retest of 4000.
Strategy: A small correction may follow from 3676, but if the buyer starts to bring the price back to the level (retest), then we should expect a breakout of the level with further growth.
As for 3360, there is a buyer who is ready to fight. On the weekly timeframe, a false breakout is forming and an encouraging long tail, which means that overall, the bulls are not ready to let the price go lower yet.
All eyes are on the resistance at 3675. If the resistance is not passed, the price will close in the range of 3350-3675 for some time.
But, the buyers may show persistence and in this case the price may head for a retest of 4000.
Strategy: A small correction may follow from 3676, but if the buyer starts to bring the price back to the level (retest), then we should expect a breakout of the level with further growth.
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