In my previous ETH analysis, I pointed out the high probability of a false breakdown under the 4100 technical support and the 4000 psychological level.
The reasoning was simple: during the strong bull leg from 1350 to 4900 (since April), ETH had already shown this type of price action twice.
That call proved correct. ETH reversed higher, hit my 4400 target, and even pushed further, printing highs close to 4600.
Now, after a nearly 15% rise since last Friday, the market may be due for a pause — a chance to consolidate or correct part of the gains.
________________________________________
Technical View
• Support: 4300 is the key level. As long as this holds, bulls remain in control.
• Resistance: Immediate pressure sits near 4600, the recent top.
• Structure: The trend remains strong and healthy, but after such a rapid move, short-term cooling is normal.
________________________________________
Trading Plan
The strategy remains simple: buy dips against 4300.
As long as that support is intact, ETH’s bull case stays firmly alive. 🚀
The reasoning was simple: during the strong bull leg from 1350 to 4900 (since April), ETH had already shown this type of price action twice.
That call proved correct. ETH reversed higher, hit my 4400 target, and even pushed further, printing highs close to 4600.
Now, after a nearly 15% rise since last Friday, the market may be due for a pause — a chance to consolidate or correct part of the gains.
________________________________________
Technical View
• Support: 4300 is the key level. As long as this holds, bulls remain in control.
• Resistance: Immediate pressure sits near 4600, the recent top.
• Structure: The trend remains strong and healthy, but after such a rapid move, short-term cooling is normal.
________________________________________
Trading Plan
The strategy remains simple: buy dips against 4300.
As long as that support is intact, ETH’s bull case stays firmly alive. 🚀
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.