Hello guys!
Ethereum has formed a clear double top pattern on the weekly timeframe — a strong bearish reversal signal. The pattern is confirmed by:
🔹 A break of the ascending trendline
🔹 Strong rejection from the $3,200–$3,400 resistance zone
🔹 Current price action hovering near $1,780
🧭 Target of the double top pattern lies in the $1,350–$1,450 zone — aligned with a low-volume area on the volume profile, which could act as a magnet for price.
Key Takeaways:
If ETH fails to reclaim the $2,000 zone, more downside pressure is likely.
A bounce may occur in the target zone, providing a possible mid-term long opportunity.
📌 Stay cautious and watch for reaction zones, especially if ETH reaches the $1,400 region.
You can buy it at $1400!
Ethereum has formed a clear double top pattern on the weekly timeframe — a strong bearish reversal signal. The pattern is confirmed by:
🔹 A break of the ascending trendline
🔹 Strong rejection from the $3,200–$3,400 resistance zone
🔹 Current price action hovering near $1,780
🧭 Target of the double top pattern lies in the $1,350–$1,450 zone — aligned with a low-volume area on the volume profile, which could act as a magnet for price.
Key Takeaways:
If ETH fails to reclaim the $2,000 zone, more downside pressure is likely.
A bounce may occur in the target zone, providing a possible mid-term long opportunity.
📌 Stay cautious and watch for reaction zones, especially if ETH reaches the $1,400 region.
You can buy it at $1400!
Nota
BlackRock’s Bold Bet on Ethereum: Is a $3,400 Surge Coming? 🚀BlackRock has ramped up its Ethereum holdings to a staggering $1.145 billion, signaling strong institutional confidence.
Trade chiuso: obiettivo raggiunto
Target of pattern touched
👉 My recommended broker: bit.ly/HYMCMELI
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
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.
👉 My recommended broker: bit.ly/HYMCMELI
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
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.