Ethereum (
ETHUSD) is retesting massive support:

Click chart above to see the detailed analysis👆🏻
For the past four years, Ethereum has overall been trading sideways with significant swings towards the upside and downside. As we are speaking, Ethereum is retesting a significant confluence of support and if the bullrun actually continues, Ethereum will rally parabolically.
Levels to watch: $2.000, $4.000
Keep your long term vision,
Philip (BasicTrading)
Click chart above to see the detailed analysis👆🏻
For the past four years, Ethereum has overall been trading sideways with significant swings towards the upside and downside. As we are speaking, Ethereum is retesting a significant confluence of support and if the bullrun actually continues, Ethereum will rally parabolically.
Levels to watch: $2.000, $4.000
Keep your long term vision,
Philip (BasicTrading)
Trade active
Trading update on Ethereum (Click chart above to see the detailed analysis👆🏻
It is quite impressive to see all major cryptocurrencies actually withstanding the significant stock market sell off. This is clearly a sign of strength and now it all just comes down to Ethereum being able to climb back above the major sructure and confluence of support.
Levels to watch: $2.000, $4.000
Keep your long term vision,
Philip (BasicTrading)
Trade closed: target reached
Trading update on Ethereum (Click chart above to see the detailed analysis👆🏻
After literally slicing through the major horizontal level without any confirmation or rejection on the smaller timeframe, Ethereum is now retesting again a major support area. If this level doesn't finally hold though, another drop of -40% is quite expected tbh.
Levels to watch: $1.500, $4.000
Keep your long term vision,
Philip (BasicTrading)
Keep your long term vision!
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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.
Keep your long term vision!
Free: Join our "Elite Trading" community👇🏻
discord.gg/jgdrYXwqyD
Free: Join our "Elite Trading" community👇🏻
discord.gg/jgdrYXwqyD
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.