ETH ROAD TO 3,400
This chart represents Ethereum (ETH/USD) on the 4-hour timeframe, showing a clear ascending channel. After a significant bullish movement, the price has reached a resistance zone near $3,833.51 and is showing signs of potential rejection. The chart outlines a short trade setup with a target near the $3,524.19 and $3,417.95 support zones.
Key Levels:
Resistance: $3,833.51
Current price zone: $3,745.95 (potential pivot)
Support zones: $3,524.19 and $3,417.95
Fundamental Note: Ethereum's performance could be influenced by overall crypto market sentiment, regulatory updates, or advancements in blockchain technology, particularly related to network upgrades or institutional adoption trends.
Key Levels:
Resistance: $3,833.51
Current price zone: $3,745.95 (potential pivot)
Support zones: $3,524.19 and $3,417.95
Fundamental Note: Ethereum's performance could be influenced by overall crypto market sentiment, regulatory updates, or advancements in blockchain technology, particularly related to network upgrades or institutional adoption trends.
Trade closed: target reached
QUICK...
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