Ethereum can rebound to resistance level and try to break it
Hello traders, I want share with you my opinion about Ethereum. By observing the chart, we can see how the price a few days ago bounced down below the support area, and then tried to back up, but failed and started to fall to the next support level. After the price reached the support level, it soon declined more, until below the buyer zone and then ETH bounced up and made impulse up to the current support level, thereby breaking past the level. Next price entered to downward channel, in which it fell below the support area, where it in a short time rolled up and rose to a resistance level. Then the price made a correction to the support level and after this movement, it made an upward impulse higher of the seller zone, but at once rolled down and fell back, thereby making a fake breakout. Now Ethereum trades below resistance level and maybe it can bounce to this level and try to break it. If the price breaks the resistance level, Ethereum can make a retest and continue to move up. For this case, I set two targets, the first target is located at 1965 resistance level, and the second - 2020. Please share this idea with your friends and click Boost 🚀
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🔷Join my telegram channel for free - bit.ly/4g4wovR
💰Want receive more profitable signals for Crypto & Forex market, write me 👉 bit.ly/4fNijD8
💰Want receive more profitable signals for Crypto & Forex market, write me 👉 bit.ly/4fNijD8
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.