Ethereum Targets $3,750 Resistance After Key Breakout
hello guys!
Technical Analysis:
Price Action: Ethereum (ETH/USDT) has broken above the critical resistance zone near $3,546, now acting as support, confirming bullish momentum.
Structure: After a sharp rally, the price is consolidating just below the $3,641 level. This indicates a healthy pause in the uptrend, forming a base for further upside.
Resistance: The next key target lies at the $3,750 zone, highlighted as a potential supply area where selling pressure might emerge.
Support: The $3,546 zone serves as a critical demand area. A retest of this level could offer buying opportunities if the price pulls back.
Momentum: With the bullish breakout and continued upward trajectory, the momentum favors a rally towards $3,750 unless significant bearish pressure develops.
Technical Analysis:
Price Action: Ethereum (ETH/USDT) has broken above the critical resistance zone near $3,546, now acting as support, confirming bullish momentum.
Structure: After a sharp rally, the price is consolidating just below the $3,641 level. This indicates a healthy pause in the uptrend, forming a base for further upside.
Resistance: The next key target lies at the $3,750 zone, highlighted as a potential supply area where selling pressure might emerge.
Support: The $3,546 zone serves as a critical demand area. A retest of this level could offer buying opportunities if the price pulls back.
Momentum: With the bullish breakout and continued upward trajectory, the momentum favors a rally towards $3,750 unless significant bearish pressure develops.
Trade active
The price has touched the purple areaNote
the purple area was a great support area
Trade closed: target reached
the final target touched!
#ethusdt
👉 my broker:: bit.ly/HYMCMELI
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telegram channel: t.me/melikatrader94
forex telegram channel: t.me/melikatrader94GoldForex
____
telegram channel: t.me/melikatrader94
forex telegram channel: t.me/melikatrader94GoldForex
Related publications
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.
👉 my broker:: bit.ly/HYMCMELI
____
telegram channel: t.me/melikatrader94
forex telegram channel: t.me/melikatrader94GoldForex
____
telegram channel: t.me/melikatrader94
forex telegram channel: t.me/melikatrader94GoldForex
Related publications
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.