ETHUSD has been consolidating within a daily inside bar for the past few sessions, signaling a potential move. 📈If bullish momentum resumes, we could see a strong breakout to the upside, with initial resistance expected around the $3,300 level. Currently, price is hovering near $2,500.
📉On the downside, if ETH fails to hold $2,400 and we see a weekly candle close below that level, it opens the door for a deeper retracement toward $2,000, and possibly as low as $1,800.
My current targets to the upside are:
🎯 Upside Profit Targets:
✅ ~$2,850
✅ ~$3,200
✅ ~$3,600 - $4,000
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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.