Ethereum is trading inside a strong ascending channel and currently sitting around the mid-zone. The trend remains bullish, supported by the 50-day MA just below.
Key Levels to Watch:
Support Zone: $4,100 – $4,230 → Losing this level could trigger a deeper pullback.
Resistance Levels:
First hurdle: $4,800 – $4,900
Next target: $5,200 – $5,300 (channel top)
Bullish Scenario: A solid close above $4,700 could push ETH toward $5K and even $5,300.
Bearish Scenario: Breaking below $4,100 may confirm a correction back to lower levels.
Takeaway:
Ethereum is still in a healthy uptrend, and all eyes are on the $4,700 breakout level. If the bulls hold momentum, the next leg higher could be just around the corner!
Key Levels to Watch:
Support Zone: $4,100 – $4,230 → Losing this level could trigger a deeper pullback.
Resistance Levels:
First hurdle: $4,800 – $4,900
Next target: $5,200 – $5,300 (channel top)
Bullish Scenario: A solid close above $4,700 could push ETH toward $5K and even $5,300.
Bearish Scenario: Breaking below $4,100 may confirm a correction back to lower levels.
Takeaway:
Ethereum is still in a healthy uptrend, and all eyes are on the $4,700 breakout level. If the bulls hold momentum, the next leg higher could be just around the corner!
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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.