ETHEREUM → A train can become a rocket. Key zone 2700 - 2800 ↑

11 Ağu

The market is buying back ETHUSDT after a big fall due to fear. Bulls kept the price below 2000 and now they are trying to keep it above 2500. The overall bullish backdrop is still in place.....



A very promising technical situation is forming on W1. If the price returns to the global sideways range, we will have good prerequisites for a rise to 4000 - 4800.
Fundamentally, everything is the same, the general background is bullish. The liquidation (strong downward movement) and the subsequent active buyback indicates that the market is free of unnecessary traders and the train can now move in the right direction, it remains to get to the key station before departure.
The key stations are the 2717 - 2817 area. If the bulls can overcome this resistance and consolidate above, thus forming a strong support area and an intermediate bottom, then the market will have an important and promising liquidity target above 4000.

Support levels: 2518, 2425, 2400
Resistance levels: 2717, 2817

The whales continue to buy the asset after a strong fall, despite the fact that the chart looks bearish, there are key prerequisites indicating that the big players are still bullish. The focus is on the key resistance at 2717. After Friday's test and pullback, the price is back to the level, which increases the chances of a breakout.

Rate, share your opinion and questions, let's discuss what's going on with ★ ETHUSD ;)

Regards R. Linda!

12 Ağu

İşlem aktif

ETH in correction phase tests 2,500...

13 Ağu

İşlem aktif

ETH tested key resistance.
If the price starts to return to the resistance of 2717, we should expect a breakdown and growth

14 Ağu

İşlem aktif

The market does not give a deep pullback.
A pre-breakout consolidation is being formed