In spite of the crypto market crash, Ethereum actually moved very technically.
The break below the $4,300 support led to a drop toward the important $3,500 zone.
Although the price also broke below $3,850, a quick reversal followed — the rebound brought the price back above the $3,850 support and up to the $4,300 resistance.
A new wave of selling came next, but this time, the price stopped around the $3,850 support zone, confirming it as an important level.
A quick rebound followed, and now ETH is back above $4,000, trading around $4,100.
Also very important — the price of ETH is forming an ascending triangle, with resistance at $4,300.
A break above $4,300 will most likely accelerate gains toward the $4,900–$5,000 area, which is both a technical resistance and the target of the triangle.
I’m looking to buy on dips, preferably below $4,000, and considering the mentioned target, such a setup offers around a 1:3 or even 1:4 risk-reward ratio.
The break below the $4,300 support led to a drop toward the important $3,500 zone.
Although the price also broke below $3,850, a quick reversal followed — the rebound brought the price back above the $3,850 support and up to the $4,300 resistance.
A new wave of selling came next, but this time, the price stopped around the $3,850 support zone, confirming it as an important level.
A quick rebound followed, and now ETH is back above $4,000, trading around $4,100.
Also very important — the price of ETH is forming an ascending triangle, with resistance at $4,300.
A break above $4,300 will most likely accelerate gains toward the $4,900–$5,000 area, which is both a technical resistance and the target of the triangle.
I’m looking to buy on dips, preferably below $4,000, and considering the mentioned target, such a setup offers around a 1:3 or even 1:4 risk-reward ratio.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Pubblicazioni correlate
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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.