EthereumShort
Ethereum approaching major resistance and getting squeezed!
Ethereum is approaching major resistance at 997.75 (Multiple fibonacci retracements, fibonacci extensions, horizontal overlap resistance).
We can also see an ascending support line squeeze price against the 997.75 ceiling signalling that a major break in either direction could be expected.
If price breaks the ascending support line, our next major levels of support would be 907.45 and 778.62.
We can also see an ascending support line squeeze price against the 997.75 ceiling signalling that a major break in either direction could be expected.
If price breaks the ascending support line, our next major levels of support would be 907.45 and 778.62.
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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.