Strong Uptrend Channel: The price of Ethereum has been moving within a well-defined ascending channel, indicated by two parallel black trendlines. This strong channel suggests a sustained bullish momentum.
All-Time High: A significant resistance level is marked as the "all-time high" at approximately 4,785.32 USD. The price has recently tested this level.
Support Levels:
Major Support Zone: A broad support zone is identified between approximately 3,300 USD and 3,450 USD. This zone has previously acted as a strong base for a price rally.
Recent Support Zone: A smaller, more recent support zone is marked around 4,200 USD. The price has consolidated within this area after its recent push towards the all-time high.
Price Action and Projections:
The price recently reached a peak near the all-time high and has since pulled back, consolidating within the recent support zone.
A key annotation states, "if breaks then we may see further downward." This highlights the importance of the 4,200 USD support zone. A break below this level could indicate a potential deeper retracement, possibly towards the lower trendline of the channel or the major support zone.
A parabolic arc is drawn (blue line), suggesting a potential trajectory for the price to continue its move higher from the current level, with a goal of re-testing or breaking the all-time high.
Volume: The chart includes a volume indicator, showing significant volume spikes during the major rallies and drops, confirming strong market interest and participation.
All-Time High: A significant resistance level is marked as the "all-time high" at approximately 4,785.32 USD. The price has recently tested this level.
Support Levels:
Major Support Zone: A broad support zone is identified between approximately 3,300 USD and 3,450 USD. This zone has previously acted as a strong base for a price rally.
Recent Support Zone: A smaller, more recent support zone is marked around 4,200 USD. The price has consolidated within this area after its recent push towards the all-time high.
Price Action and Projections:
The price recently reached a peak near the all-time high and has since pulled back, consolidating within the recent support zone.
A key annotation states, "if breaks then we may see further downward." This highlights the importance of the 4,200 USD support zone. A break below this level could indicate a potential deeper retracement, possibly towards the lower trendline of the channel or the major support zone.
A parabolic arc is drawn (blue line), suggesting a potential trajectory for the price to continue its move higher from the current level, with a goal of re-testing or breaking the all-time high.
Volume: The chart includes a volume indicator, showing significant volume spikes during the major rallies and drops, confirming strong market interest and participation.
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t.me/Pips_and_profits1
t.me/Pips_and_profits1
Daily 300+pips profits
weekly 2000+pips profit
High accuracy signals with double conformation
t.me/Pips_and_profits1
t.me/Pips_and_profits1
Daily 300+pips profits
weekly 2000+pips profit
High accuracy signals with double conformation
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
join my telegram channel free
t.me/Pips_and_profits1
t.me/Pips_and_profits1
Daily 300+pips profits
weekly 2000+pips profit
High accuracy signals with double conformation
t.me/Pips_and_profits1
t.me/Pips_and_profits1
Daily 300+pips profits
weekly 2000+pips profit
High accuracy signals with double conformation
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.