"Ethereum Technical Analysis: Potential Bullish Breakout from F
Ethereum update
Ethereum is currently trending within a rising channel, as shown in the chart. It has formed a falling wedge pattern, similar to one it made a few weeks ago, and bounced by approximately 19% according to the pattern.
If Ethereum breaks out of this wedge, it is likely to bounce by almost 19% again. However, if it breaks out of the rising channel, the chart will be invalidated.
In the event that Ethereum does break out of the wedge, it would be a good opportunity to open a long position.
Stay tuned; I will keep updating
Ethereum is currently trending within a rising channel, as shown in the chart. It has formed a falling wedge pattern, similar to one it made a few weeks ago, and bounced by approximately 19% according to the pattern.
If Ethereum breaks out of this wedge, it is likely to bounce by almost 19% again. However, if it breaks out of the rising channel, the chart will be invalidated.
In the event that Ethereum does break out of the wedge, it would be a good opportunity to open a long position.
Stay tuned; I will keep updating
Note
#Ethereum falling wedge Breakout!🔥
Note
📊 Ethereum Symmetrical Triangle Assessment
Currently, #ETH is intricately constructing a symmetrical triangle, presenting a crossroads for potential breakout or breakdown scenarios.
📈 A successful surge past the $2340 threshold signals a bullish trajectory with a keen eye on the $3000 mark.
However, 📉 a dip below the symmetrical triangle support at $2200 hints at a bearish shift, urging traders to prepare for a possible retest of the $1500 range.
⚠️ Strategic considerations:
Eschew impulsive trades.
Rely on verified signals.
Employ technical analysis for accuracy.
Navigate the markets with sagacity!
#Crypto
Note
Vitalik Buterin shares updated 2024 roadmap for #ETH
Note
ETH has rebounded from the trendline and established support within the Ichimoku cloud, accompanied by a notable increase in trading volume. Currently, it hovers near the breakout point of the ascending triangle.
A clear breakout would confirm a bullish trend, while a rejection might signal a continuation of price consolidation within the triangle's boundaries.
#Crypto
Note
📈#ETHfacing resistance at $2400, a critical zone, yet maintaining Bullish Market Structure. Anticipating a breakout with substantial liquidity above. Alternatively, strong support might sustain the range.
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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
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.