Everyone was shouting that February would be the most profitable month for Ethereum, but the market had its own plans: most traders have been wiped out.
Ethereum (ETH/USDT) Analysis:
The chart illustrates the price movement of Ethereum on a daily timeframe. A broad global range (GLOBAL RANGE 1 WEEK) is evident, extending over several months. The current price is testing the lower boundary near the $2,200 level.
To confirm further upside movement, Ethereum needs to consolidate above the 0.5 weekly range (05 RANGE). If this level holds, a move towards the $3,600 resistance is expected, with a potential continuation upwards to the all-time high (ATH) at $5,000. The downward trend marked as BSL (Breakout Swing Low) may serve as a crucial support level for the upcoming bullish momentum.
Remember the market rewards the patient
BE CALM AND WORK HARD
HODL
Ethereum (ETH/USDT) Analysis:
The chart illustrates the price movement of Ethereum on a daily timeframe. A broad global range (GLOBAL RANGE 1 WEEK) is evident, extending over several months. The current price is testing the lower boundary near the $2,200 level.
To confirm further upside movement, Ethereum needs to consolidate above the 0.5 weekly range (05 RANGE). If this level holds, a move towards the $3,600 resistance is expected, with a potential continuation upwards to the all-time high (ATH) at $5,000. The downward trend marked as BSL (Breakout Swing Low) may serve as a crucial support level for the upcoming bullish momentum.
Remember the market rewards the patient
BE CALM AND WORK HARD
HODL
Note
16:30 Kiev time, may be big players from USA will buy this deep
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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.