ETH/USD has shown a strong reversal from the 1564 support zone and is currently consolidating around the 1607 level. If the current bullish momentum holds, the next key resistance levels to watch are 1698, 1790, and ultimately 1911.
The chart indicates a potential breakout move toward 1911, provided price action sustains above the 1607 support. A successful hold here could trigger a strong upward rally through the upcoming resistance zones.
This setup suggests a bullish outlook for Ethereum in the short to mid term, as long as market conditions remain stable.
Note: This idea is for educational purposes only. Please do your own research before making any trading decisions.
The chart indicates a potential breakout move toward 1911, provided price action sustains above the 1607 support. A successful hold here could trigger a strong upward rally through the upcoming resistance zones.
This setup suggests a bullish outlook for Ethereum in the short to mid term, as long as market conditions remain stable.
Note: This idea is for educational purposes only. Please do your own research before making any trading decisions.
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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.
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.