Ethereum Bounces from Key Support: Eyeing $4,000?
#Ethereum is currently bouncing from a key ascending trendline support, which has held strong in previous market corrections. This trendline has historically acted as a major reversal point.
ETH has rebounded from the $2,300–$2,400 range, aligning with the long-term trendline support.
If ETH sustains this bounce, the next major resistance lies around $3,100–$3,200. A breakout beyond this could open the path towards $4,000.
We might observe some consolidation above the trendline before a potential breakout.
The price action suggests bullish momentum, but a daily close below the trendline could invalidate this outlook.
DYOR, NFA
#ETH #Crypto
ETH has rebounded from the $2,300–$2,400 range, aligning with the long-term trendline support.
If ETH sustains this bounce, the next major resistance lies around $3,100–$3,200. A breakout beyond this could open the path towards $4,000.
We might observe some consolidation above the trendline before a potential breakout.
The price action suggests bullish momentum, but a daily close below the trendline could invalidate this outlook.
DYOR, NFA
#ETH #Crypto
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Register on Blofin and trade with me: bit.ly/Mojo1000
Free TG Daily Futures Signals: bit.ly/CRYPTOMOJO_TA-TG
Free TG Daily Futures Signals: bit.ly/CRYPTOMOJO_TA-TG
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.