Ethereum is currently consolidating near the $3,550 level after a short-term pullback. Price is moving within a descending trendline acting as dynamic resistance, while the green zone around $3,510–$3,530 is providing a strong support base.
A breakout above the trendline resistance could confirm a shift in short-term momentum, potentially leading to a bullish move toward the $3,650–$3,675 target area.
Key Levels:
Support: $3,510 – $3,530
Resistance: $3,575 – $3,600 (trendline breakout zone)
Target: $3,650 – $3,675
Trading Plan:
Bullish Scenario: Wait for a confirmed breakout and retest of the trendline before entering long positions toward the target zone.
Bearish Scenario: If price rejects the trendline and breaks below support, expect a potential retest of $3,480–$3,500.
Summary:
ETH is showing signs of accumulation at support. A clean breakout above trendline resistance would likely trigger bullish continuation in the short term.
A breakout above the trendline resistance could confirm a shift in short-term momentum, potentially leading to a bullish move toward the $3,650–$3,675 target area.
Key Levels:
Support: $3,510 – $3,530
Resistance: $3,575 – $3,600 (trendline breakout zone)
Target: $3,650 – $3,675
Trading Plan:
Bullish Scenario: Wait for a confirmed breakout and retest of the trendline before entering long positions toward the target zone.
Bearish Scenario: If price rejects the trendline and breaks below support, expect a potential retest of $3,480–$3,500.
Summary:
ETH is showing signs of accumulation at support. A clean breakout above trendline resistance would likely trigger bullish continuation in the short term.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.