Can Ethereum Reach a New All-Time High?
Hello, traders!
Let’s analyze ETH on the weekly timeframe.
ETH is currently at its support trendline, and a rebound is expected soon. In the past, ETH has consistently respected this trendline, and we can expect a similar move this time.
A rebound from the current price could easily target the all-time high of $4868, which would be a 128% gain from the support level. The 200 EMA is providing strong support, merging with the support trendline.
The RSI indicates a hidden bullish divergence, signaling a potential positive move for ETH.
Key points to note:
~ Support Range: $1950-$2523.
~ Target: $4868 (ATH).
~ RSI: Hidden Bullish Divergence.
Note: Always do your own research and analysis before making any decisions.
Trade safely!
Let’s analyze ETH on the weekly timeframe.
ETH is currently at its support trendline, and a rebound is expected soon. In the past, ETH has consistently respected this trendline, and we can expect a similar move this time.
A rebound from the current price could easily target the all-time high of $4868, which would be a 128% gain from the support level. The 200 EMA is providing strong support, merging with the support trendline.
The RSI indicates a hidden bullish divergence, signaling a potential positive move for ETH.
Key points to note:
~ Support Range: $1950-$2523.
~ Target: $4868 (ATH).
~ RSI: Hidden Bullish Divergence.
Note: Always do your own research and analysis before making any decisions.
Trade safely!
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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.
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.