The chart shows Ethereum (
ETH) on the weekly timeframe, and we're currently at a crucial point. Ethereum is approaching a strong supply zone around $4,800, which has acted as a resistance level in the past. This suggests that the price could face selling pressure in this range. If Ethereum fails to break through this level, it might experience a pullback or sideways movement.
On the other hand, the key zone around $4,100 is providing current support. As long as this level holds, there is potential for Ethereum to attempt another move upwards toward the supply zone at $4,800. However, if the price breaks below this key support zone, we could see a deeper pullback, possibly targeting lower support levels.
#PEACE
Stay tuned for more update
ETH) on the weekly timeframe, and we're currently at a crucial point. Ethereum is approaching a strong supply zone around $4,800, which has acted as a resistance level in the past. This suggests that the price could face selling pressure in this range. If Ethereum fails to break through this level, it might experience a pullback or sideways movement.On the other hand, the key zone around $4,100 is providing current support. As long as this level holds, there is potential for Ethereum to attempt another move upwards toward the supply zone at $4,800. However, if the price breaks below this key support zone, we could see a deeper pullback, possibly targeting lower support levels.
#PEACE
Stay tuned for more update
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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.