Cryptolean Ethereum ETH Update

50
Daily Chart

Ethereum is trading in the bearish territory in the daily chart.

It is having a rangebound price action between the key resistance zone around $3,409 (marked in grey) and a minor support at $3,200.

Below $3,409 resistance, there is a high probability for a dip towards the key daily support zone of $2,781-$2,956.

The price action with this zone will be very important and, most likely, will result in a bullish rejection of this zone.

A bullish break-out of $3,409 will push ETH price into the daily range zone where we will see slow and choppy price action, first towards $3,600 and, likely, higher to $3,793.

Ethereum will become bullish in the daily chart only upon a sustained price action above $3,793.

In this case, bulls will take control of the daily chart and send price higher towards $4,246-$4,421, the next daily target.

Boost once read!
Thank you.

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.