breakdown of the target levels visible for ETH/USD on the 4-hour timeframe:
---
📌 Chart Observations:
The chart is showing a rising channel or ascending wedge pattern.
ETH recently bounced off the lower trendline (support).
There are two marked “TARGET” zones on the chart:
---
🎯 Short-Term Target Zone:
Located at approximately $2,680 - $2,700.
This level is likely acting as a resistance area, and might be the first target for a bullish move.
---
🎯🎯 Main/Upper Target Zone:
Located near the top of the channel, around $2,820 - $2,850.
This is likely the final target if ETH breaks the previous resistance and continues upward.
---
⚠ Notes:
Price is currently around $2,518, which is below both target zones.
The Ichimoku Cloud is also providing potential dynamic support.
A breakout above $2,680 could trigger momentum toward $2,850.
---
If you’d like, I can provide a risk/reward analysis or support/resistance breakdown as well.
---
📌 Chart Observations:
The chart is showing a rising channel or ascending wedge pattern.
ETH recently bounced off the lower trendline (support).
There are two marked “TARGET” zones on the chart:
---
🎯 Short-Term Target Zone:
Located at approximately $2,680 - $2,700.
This level is likely acting as a resistance area, and might be the first target for a bullish move.
---
🎯🎯 Main/Upper Target Zone:
Located near the top of the channel, around $2,820 - $2,850.
This is likely the final target if ETH breaks the previous resistance and continues upward.
---
⚠ Notes:
Price is currently around $2,518, which is below both target zones.
The Ichimoku Cloud is also providing potential dynamic support.
A breakout above $2,680 could trigger momentum toward $2,850.
---
If you’d like, I can provide a risk/reward analysis or support/resistance breakdown as well.
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📲 Join telegram channel free ..
t.me/+yJ2-qfkocRg1NDlk
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/Gold_Analysis_Experiment
Gold Signal's with proper TP & SL for high profit opportunities..
t.me/+yJ2-qfkocRg1NDlk
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/Gold_Analysis_Experiment
Gold Signal's with proper TP & SL for high profit opportunities..
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.