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Etherum is facing a resistance which can make it fall to $2400 or rise to $4000.
As seen on the chart, Etherum just completed it's Double bottom (W pattern) race with a breakout and a pullback above the supply zone.
A break above the current resistance zone takes Etherum to $4000.
But if price is unable to break this supply zone, then a double top (M pattern) comes in play to make price fall to $2400.
What do you think?
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Etherum is facing a resistance which can make it fall to $2400 or rise to $4000.
As seen on the chart, Etherum just completed it's Double bottom (W pattern) race with a breakout and a pullback above the supply zone.
A break above the current resistance zone takes Etherum to $4000.
But if price is unable to break this supply zone, then a double top (M pattern) comes in play to make price fall to $2400.
What do you think?
Share your opinion in the comment sectionāļø
Follow me to receive more updates on ETHERUM (ETHUSDT) š¤
Happy Tradingš°š„³š¤
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We are successfully out of the supply zone. Resistance has turned support. This is a clear signal to go long to $4000š
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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.