Ethereum's $3,000 Dilemma: Bullish Rejection, Bearish Break-Out?
Indecisiveness persists in the intraday chart as Ethereum hovers around $2,992, an intraday support zone.
1. A bullish rejection of $2,992 with momentum could offer a scalping opportunity, targeting $3,166, $3,370, and possibly extending to $3,551.
2. Closing H4 candles below $2,992 raises the likelihood of a downside move towards $2,898 and $2,787.
3. Alternatively, a lack of momentum may result in sluggish, sideways price action between $2,992 and $3,166.
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1. A bullish rejection of $2,992 with momentum could offer a scalping opportunity, targeting $3,166, $3,370, and possibly extending to $3,551.
2. Closing H4 candles below $2,992 raises the likelihood of a downside move towards $2,898 and $2,787.
3. Alternatively, a lack of momentum may result in sluggish, sideways price action between $2,992 and $3,166.
More details in signature!
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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.