As observed, ETH has been rallying since the beginning of November 2024, starting from the breakout at $2800 and rising all the way to $4090.
It encountered resistance at the March 2024 level and retraced.
After consolidating for weeks within the $3200 - $3600 range, the price has recently broken above $3600 and recovered above the 20 and 50 MAs.
It seems the market has built new momentum and is now poised to test the $4090 level, with the potential to break above it
It encountered resistance at the March 2024 level and retraced.
After consolidating for weeks within the $3200 - $3600 range, the price has recently broken above $3600 and recovered above the 20 and 50 MAs.
It seems the market has built new momentum and is now poised to test the $4090 level, with the potential to break above it
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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.