Get started
Ethereum / TetherUS

#ETH: UPDATE

By CRYPTOMOJO_TA
Updated

Ethereum is currently encountering a crucial price range between $2370 and $2400, with the lower trendline of this range serving as a formidable resistance. Presently, Ethereum is experiencing rejection at this level, indicating a significant challenge for bullish momentum.

For the bulls to gain control and initiate an upward trend, it is essential for Ethereum's price to break through the resistance presented by the $2370 to $2400 range. If successful, this could signal a positive shift in market sentiment.

However, should the prevailing bearish pressure persist, there is a likelihood that Ethereum may face rejection and decline towards the lower support level. Traders and investors are advised to stay informed and monitor the market closely for updates on the evolving situation. I will provide further updates as the scenario unfolds.
Note
ETHUSD is still facing $2370 to $2400 and the lower trendline of this channel as strong resistance. Breaking through could signal a bullish shift. If bearish pressure persists, Ethereum might decline toward lower support levels.
Stay informed and monitor closely for updates.
#Crypto
snapshot
Note
snapshot
ETHUSD Update:

ETH has recently closed a daily candle above the resistance level of $2400. However, when we look at the chart, we can see that ETH is still finding it difficult to break through the lower trendline of the channel.

Furthermore, the trading volume is decreasing, and the Ichimoku cloud is acting as resistance. To confirm the trend reversal, we need to witness a daily candle close above the lower trendline of the channel.
Stay tuned for further updates.
#DYOR
analysisChart PatternseditorspickethlongethupdateETHUSDethusdtlongethusdtradeTechnical IndicatorstrandingTrend Analysis
CRYPTOMOJO_TA
Register on Bingx and trade with me: bingx.com/en/invite/B63M4M/?ref=B63


Register on CoinW and trade with me: coinw.com/front/affiliate?agentKey=CryptoMOJO&lang=en_US


Free TG Daily Futures Signals: t.me/CRYPTOMOJO_TA
Also on:

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.