ETH: Eyeing $3,300 Breakout
🔥 FinCaesar's Strategy:
🩸 Long: Above $3,300, targeting $3,400 and $3,600. ETH remains above its 200-day EMA (around $3,120), hinting that the broader trend still favors bulls. The MACD is slowly recovering from negative territory, suggesting buyers could seize control if price action holds steady above key support.
🩸 Short: Below $3,120, aiming for $3,000 and $2,800. A decisive break under the 200-day EMA could invite increased selling pressure, especially if the MACD turns bearish again.
🔥 FinCaesar’s Commands:
🩸 Resistance: $3,300–$3,350 — Clearing this zone may confirm a bullish resurgence.
🩸 Support: $3,120 — Losing this key level could drive a deeper correction.
Ethereum has recently tested support near its 200-day EMA and appears to be stabilizing. A push above $3,300 would likely spark renewed momentum toward $3,400 and potentially $3,600. However, failure to maintain above $3,120 could shift sentiment toward the downside, paving the way for lower targets.
👑 "The strongest positions are built on a foundation of patience and precise timing." — FinCaesar
🩸 Long: Above $3,300, targeting $3,400 and $3,600. ETH remains above its 200-day EMA (around $3,120), hinting that the broader trend still favors bulls. The MACD is slowly recovering from negative territory, suggesting buyers could seize control if price action holds steady above key support.
🩸 Short: Below $3,120, aiming for $3,000 and $2,800. A decisive break under the 200-day EMA could invite increased selling pressure, especially if the MACD turns bearish again.
🔥 FinCaesar’s Commands:
🩸 Resistance: $3,300–$3,350 — Clearing this zone may confirm a bullish resurgence.
🩸 Support: $3,120 — Losing this key level could drive a deeper correction.
Ethereum has recently tested support near its 200-day EMA and appears to be stabilizing. A push above $3,300 would likely spark renewed momentum toward $3,400 and potentially $3,600. However, failure to maintain above $3,120 could shift sentiment toward the downside, paving the way for lower targets.
👑 "The strongest positions are built on a foundation of patience and precise timing." — 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.