Ethereum saw a sharp rally followed by a steady climb inside a rising channel. Recently, price broke below the channel’s lower boundary, signaling potential weakness. Now, ETH is retesting the broken trendline, which could be a classic pullback scenario.
Scenario 1 – Bearish Continuation:
If ETH fails to reclaim the channel and rejects around $3,600–$3,650, selling pressure may return.
Potential targets: $3,400 → $3,250 and, in extension, $3,050.
RSI is recovering from oversold levels but still below midline, hinting at possible limited upside before another drop.
Scenario 2 – Bullish Reclaim:
A daily close above $3,650 with strong volume would invalidate the breakdown and suggest a false break.
In that case, ETH could re-enter the channel and aim for $3,850 and the upper boundary near $4,050.
Risk Management:
Bearish entry: Wait for rejection candle on retest → SL above $3,700.
Bullish entry: Wait for confirmed breakout above $3,650 with volume → SL below $3,550.
Scenario 1 – Bearish Continuation:
If ETH fails to reclaim the channel and rejects around $3,600–$3,650, selling pressure may return.
Potential targets: $3,400 → $3,250 and, in extension, $3,050.
RSI is recovering from oversold levels but still below midline, hinting at possible limited upside before another drop.
Scenario 2 – Bullish Reclaim:
A daily close above $3,650 with strong volume would invalidate the breakdown and suggest a false break.
In that case, ETH could re-enter the channel and aim for $3,850 and the upper boundary near $4,050.
Risk Management:
Bearish entry: Wait for rejection candle on retest → SL above $3,700.
Bullish entry: Wait for confirmed breakout above $3,650 with volume → SL below $3,550.
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.
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.