Ethereum's Bullish Surge: Prepare for Massive Gains!
Bullish Scenario:
The chart shows a significant resistance zone between $2,750 and $2,825 (highlighted in blue). If Ethereum breaks above this resistance, it could indicate a potential bullish continuation.
After breaching the resistance, the price may target the $3,000 psychological level, followed by $3,086, as indicated by the horizontal level.
If Ethereum continues to create higher lows, this would confirm the strength of the upward momentum.
Bearish Scenario:
The green zone around $2,519 to $2,564 represents a key support level. If Ethereum fails to sustain above this level, it could fall back to test lower supports.
A breakdown of the green support zone could lead to the next support $2,439. In a more bearish case, the next target could be around the orange support area between $2,117 to $2,172, indicating a larger sell-off.
The chart shows a significant resistance zone between $2,750 and $2,825 (highlighted in blue). If Ethereum breaks above this resistance, it could indicate a potential bullish continuation.
After breaching the resistance, the price may target the $3,000 psychological level, followed by $3,086, as indicated by the horizontal level.
If Ethereum continues to create higher lows, this would confirm the strength of the upward momentum.
Bearish Scenario:
The green zone around $2,519 to $2,564 represents a key support level. If Ethereum fails to sustain above this level, it could fall back to test lower supports.
A breakdown of the green support zone could lead to the next support $2,439. In a more bearish case, the next target could be around the orange support area between $2,117 to $2,172, indicating a larger sell-off.
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