Ethereum (ETH): Potential Upside Emerges Amid Consolidation
🔥 FinCaesar's Strategy:
🩸 Long: Above $3,450, targeting $3,600 and $3,800. The MACD is gradually shifting positive, and ETH is trading above the 200-day EMA (around $3,120), suggesting a bullish inclination if momentum continues to build.
🩸 Short: Below $3,200, aiming for $3,000 and $2,800. A decisive break under this support zone could invite a deeper correction, especially if MACD flips bearish.
🔥 FinCaesar’s Commands:
🩸 Resistance: $3,450–$3,500 — Clearing this band would confirm a stronger bullish trend.
🩸 Support: $3,200 — A slip below could trigger a sell-off toward lower targets.
Ethereum has bounced off its 200-day EMA and is attempting to establish a new bullish leg. The MACD histogram is slightly above zero, indicating a mild but growing bullish momentum. However, ETH faces a resistance cluster near $3,450–$3,500, which it must overcome for a more decisive move higher. Should the price fail at this key zone, sellers may push the market down to retest the $3,200 region or lower.
👑 "A patient trader sees opportunity in every consolidation." — FinCaesar
🩸 Long: Above $3,450, targeting $3,600 and $3,800. The MACD is gradually shifting positive, and ETH is trading above the 200-day EMA (around $3,120), suggesting a bullish inclination if momentum continues to build.
🩸 Short: Below $3,200, aiming for $3,000 and $2,800. A decisive break under this support zone could invite a deeper correction, especially if MACD flips bearish.
🔥 FinCaesar’s Commands:
🩸 Resistance: $3,450–$3,500 — Clearing this band would confirm a stronger bullish trend.
🩸 Support: $3,200 — A slip below could trigger a sell-off toward lower targets.
Ethereum has bounced off its 200-day EMA and is attempting to establish a new bullish leg. The MACD histogram is slightly above zero, indicating a mild but growing bullish momentum. However, ETH faces a resistance cluster near $3,450–$3,500, which it must overcome for a more decisive move higher. Should the price fail at this key zone, sellers may push the market down to retest the $3,200 region or lower.
👑 "A patient trader sees opportunity in every consolidation." — FinCaesar
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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.