ETH/USDT 1DAY CHART UPDATE !!ETH is still trading inside a descending channel, with the price close to key support.
Support Zone Holding: The $1,750–$1,830 area has provided a strong support base.
Ichimoku Cloud Resistance: The red Ichimoku Cloud above is acting as a crucial
resistance barrier.
Bullish Scenario:
If ETH breaks out of the descending channel, the first major resistance to watch is $2,400–$2,600 (cloud resistance).
A confirmed breakout could lead to a move towards $4,000+.
Bearish Continuation :
If ETH fails to break out, it could retest the $1,750–$1,830 support area.
A breakdown below $1,750 could open the door to lower levels around $1,600.
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Cryptosancers
BTC/USDT Update:BTC/USDT is trading at $59,215 after pulling back slightly within the ascending triangle. The price is still below the crucial resistance zone of $61,400 – $62,000. A breakout above this zone is necessary to confirm a continuation of the uptrend. Meanwhile, key support levels to watch remain at $58,400 and $52,408.
Note: This is not financial advice. Stay tuned for more updates and analysis.