ETH Technical Analysis in a 2-Day Timeframe
Hello everyone, I’m Cryptorphic.
I’ve been sharing insightful charts and analysis for the past seven years.
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Now, let’s dive into this chart analysis:
ETH is holding decent support within the $2,184-$2,348 range. A few weeks ago, when the market experienced a major correction, ETH dropped to this same support range and bounced back.
With the price currently at $2,520, ETH is likely to test the 35 EMA resistance. If it closes above the 35 EMA, a rally toward the upper resistance at $3,750 is possible.
The RSI has rebounded from the oversold zone, and bullish momentum is building.
Key levels:
- Support Range: $2,184-$2,348.
- Primary Resistance: $2,930.
- Higher Target: $3,750.
DYOR. NFA.
Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!
Thank you!
#PEACE
I’ve been sharing insightful charts and analysis for the past seven years.
Follow me for:
~ Unbiased analyses on trending altcoins.
~ Identifying altcoins with 10x-50x potential.
~ Futures trade setups.
~ Daily updates on Bitcoin and Ethereum.
~ High time frame (HTF) market bottom and top calls.
~ Short-term market movements.
~ Charts supported by critical fundamentals.
Now, let’s dive into this chart analysis:
ETH is holding decent support within the $2,184-$2,348 range. A few weeks ago, when the market experienced a major correction, ETH dropped to this same support range and bounced back.
With the price currently at $2,520, ETH is likely to test the 35 EMA resistance. If it closes above the 35 EMA, a rally toward the upper resistance at $3,750 is possible.
The RSI has rebounded from the oversold zone, and bullish momentum is building.
Key levels:
- Support Range: $2,184-$2,348.
- Primary Resistance: $2,930.
- Higher Target: $3,750.
DYOR. NFA.
Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!
Thank you!
#PEACE
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