Ethereum Continues Strong Performance with 4% Weekly GainMarket Update:
Ethereum closed another strong week, with a 4% price increase, driven by buyer momentum pushing prices above $2,600.
The next target for ETH is $2,800, which will act as a key resistance level.
Technical Outlook:
Momentum has steadily shifted bullish since September, allowing ETH to break out of the downtrend that began in March, bringing optimism back to the market.
If sellers return, Ethereum has solid support at the $2,400 level, ensuring stability in the current price range.
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Ethtargets
ETH/USDTHello again.
The green rhombus target was the red rhombus that was struck and also the red rhombus target was the area of 2000 that was struck!!!!!!
The first target is the current rhombus pattern 4500 and the second target is 5000. If the price rises and the price stabilizes in the range of 2000, we will expect this target.
And if we start modifying the tag, we have $ 1,000.!!!
What is your analysis? Please write in the comments.
ETHUSD - Two targets 268$, 274$ETHUSD took the support from old heavy resistance (blue support line at 208$)
It's currently in an ascending triangle on the 1h chart and targeting the 268$ area.
Heavy resistance is going to occur between the levels 268$ (old support) and 274$ depending on the timeframe.
I expect 274$-275$ to be the heavier support.
Disclaimer: I was lucky to open a margin trade on the wick this night, so I hope this goes higher ;-)
Happy Trading!