Ethereum / TetherUSUpdated The Major Resistance Level
Ethereum momentarily succeeded in breaking through its major resistance level of $2,525 but subsequently retreated below it. Should the price solidify above this resistance level, its initial target is projected to be $3,000.
(All analyses will be updated)
This analysis is informational, not financial advice. Good luck!
(All analyses will be updated)
This analysis is informational, not financial advice. Good luck!
Note
Ethereum has progressed as anticipated, touching its support level. The price has since rebounded upwards. In the short term, it is facing two resistance levels (the 0.236 and 0.5 zones in its four-hour Fibonacci retracement). We need to observe if it can overcome these two levels to approach its primary resistance once again.
Note
Short-term analysis:
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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.
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.