Ethereum Targets $3,750 Resistance After Key Breakout
Aggiornato
hello guys!
Technical Analysis:
Price Action: Ethereum (ETH/USDT) has broken above the critical resistance zone near $3,546, now acting as support, confirming bullish momentum.
Structure: After a sharp rally, the price is consolidating just below the $3,641 level. This indicates a healthy pause in the uptrend, forming a base for further upside.
Resistance: The next key target lies at the $3,750 zone, highlighted as a potential supply area where selling pressure might emerge.
Support: The $3,546 zone serves as a critical demand area. A retest of this level could offer buying opportunities if the price pulls back.
Momentum: With the bullish breakout and continued upward trajectory, the momentum favors a rally towards $3,750 unless significant bearish pressure develops.
Technical Analysis:
Price Action: Ethereum (ETH/USDT) has broken above the critical resistance zone near $3,546, now acting as support, confirming bullish momentum.
Structure: After a sharp rally, the price is consolidating just below the $3,641 level. This indicates a healthy pause in the uptrend, forming a base for further upside.
Resistance: The next key target lies at the $3,750 zone, highlighted as a potential supply area where selling pressure might emerge.
Support: The $3,546 zone serves as a critical demand area. A retest of this level could offer buying opportunities if the price pulls back.
Momentum: With the bullish breakout and continued upward trajectory, the momentum favors a rally towards $3,750 unless significant bearish pressure develops.
Trade attivo
The price has touched the purple areaNota
the purple area was a great support area
Trade chiuso: obiettivo raggiunto
the final target touched!
#ethusdt
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👉 my exchange: bit.ly/LbankMeli
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👉 my Autotarder: bit.ly/btse
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telegram channel: t.me/melikatrader94
forex telegram channel: t.me/melikatrader94GoldForex
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