Ethereum on the Edge: Will Bulls Triumph or Falter?
Updated
Yello, Paradisers! Have you noticed how bullish #ETHUSDT has been since testing the range lows? Let's dive into the details!
💎#Ethereum is currently forming a potential inverse head and shoulders pattern, indicating a significant bullish reversal. However, it stands at a crucial juncture, facing both the neckline resistance and the descending resistance at the $3505 level.
💎This is a major hurdle for the bulls. A strong breakout above 3505 level, supported by high volumes, could quickly propel Ethereum towards $3650 and $3720. These levels are the minor resistances and may cause some profit-taking, but if the bullish momentum persists, Ethereum would aim for the strong resistance at $3980 level in the coming sessions.
💎Decent support at 3300 to 3250 level. This range offers both horizontal and key dynamic support. Holding this level will be crucial for the bulls, as it provides a solid foundation for further upward movement.
💎Ethereum is at a pivotal moment. If it breaks through the $3505 resistance with strong volume, we could see a significant rally. On the other hand, maintaining support at $3300-$3250 is essential for sustaining the bullish outlook.
Stay sharp and trade smart, Paradisers! Consistency and strategy will guide you to long-term success in the crypto market.
MyCryptoParadise
iFeel the success🌴
💎#Ethereum is currently forming a potential inverse head and shoulders pattern, indicating a significant bullish reversal. However, it stands at a crucial juncture, facing both the neckline resistance and the descending resistance at the $3505 level.
💎This is a major hurdle for the bulls. A strong breakout above 3505 level, supported by high volumes, could quickly propel Ethereum towards $3650 and $3720. These levels are the minor resistances and may cause some profit-taking, but if the bullish momentum persists, Ethereum would aim for the strong resistance at $3980 level in the coming sessions.
💎Decent support at 3300 to 3250 level. This range offers both horizontal and key dynamic support. Holding this level will be crucial for the bulls, as it provides a solid foundation for further upward movement.
💎Ethereum is at a pivotal moment. If it breaks through the $3505 resistance with strong volume, we could see a significant rally. On the other hand, maintaining support at $3300-$3250 is essential for sustaining the bullish outlook.
Stay sharp and trade smart, Paradisers! Consistency and strategy will guide you to long-term success in the crypto market.
MyCryptoParadise
iFeel the success🌴
Trade active
Yello! Ethereum now entering crucial levels. Stronghold above the neckline breakout and price could see some significant upside.Trade active
Ethereum failed to convincingly break past the "Neckline" which has resulted in very serious profit-takings. Price re-tested supports and has offered a minor deviation below. Now going forward holding the immediate supports of 3240 and 3160 remains entirely important for a push back into the Neckline higher.
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