Can Ethereum Reach a New All-Time High?
Hello, traders!
Let’s analyze ETH on the weekly timeframe.
ETH is currently at its support trendline, and a rebound is expected soon. In the past, ETH has consistently respected this trendline, and we can expect a similar move this time.
A rebound from the current price could easily target the all-time high of $4868, which would be a 128% gain from the support level. The 200 EMA is providing strong support, merging with the support trendline.
The RSI indicates a hidden bullish divergence, signaling a potential positive move for ETH.
Key points to note:
~ Support Range: $1950-$2523.
~ Target: $4868 (ATH).
~ RSI: Hidden Bullish Divergence.
Note: Always do your own research and analysis before making any decisions.
Trade safely!
Let’s analyze ETH on the weekly timeframe.
ETH is currently at its support trendline, and a rebound is expected soon. In the past, ETH has consistently respected this trendline, and we can expect a similar move this time.
A rebound from the current price could easily target the all-time high of $4868, which would be a 128% gain from the support level. The 200 EMA is providing strong support, merging with the support trendline.
The RSI indicates a hidden bullish divergence, signaling a potential positive move for ETH.
Key points to note:
~ Support Range: $1950-$2523.
~ Target: $4868 (ATH).
~ RSI: Hidden Bullish Divergence.
Note: Always do your own research and analysis before making any decisions.
Trade safely!
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