Ethereum Recovery: Watching 4,229 for Bullish Confirmation

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At the moment, Ethereum is also showing recovery, but at a slower pace compared to Bitcoin. This week’s pivot point is at 4,137, and the price is currently trading above it.

A local correction would be reasonable, with support expected in the 4,0504,000 range. There’s also an ascending trendline acting as support. The risk level is 3,966 — if it breaks and the price fails to reclaim it, the likelihood of continued downside increases.

A breakout above 4,229 and consolidation would bring back a bullish outlook.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.