Ethereum can decline a little and then bounce up to 1970 level
Hello traders, I want share with you my opinion about Ethereum. Observing the chart, we can see how the price after making a correction to the support line and in a short time roll up and made a strong impulse up to the resistance level, which coincides with the seller zone, thereby breaking past the level with the support area. Next, ETH a little declined, but at once bounced up to the resistance line, forming an upward wedge pattern, and then made a correction to the support line. Also, a not long time ago price bounced from this line and backed up to the seller zone, thereby exiting from the wedge, But recently Ethereum bounced down again of the seller zone and now trades below. I think the price can make a little movement down and then bounce up to the resistance level. As well maybe Ethereum can try to break this level and if it breaks, then the price makes a retest and continues to move up. For this reason, I set up my target at the 1970 level. Please share this idea with your friends and click Boost 🚀
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💰Want receive more profitable signals for Crypto & Forex market, write me 👉 bit.ly/4fNijD8
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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.