ETH broke above $3,300, which had been held high for a long time. This breakthrough is a major event that raises market sentiment. There is a possibility that it will rise further from here.
If ETH passes around $3,500, which is the immediate resistance line, there is no clear resistance line up to the record high of $4,300. Therefore, from here on, it will possibly continue to rise toward the record high.
The market is completely returning to the uptrend. Even with on-chain data, the number of addresses with balances continues to increase and long-term holders continue to buy and collect.
On the other hand, in a strong rising market, caution is required for sudden adjustments.
There is also an important US economic indicator announcement this week. It's going to be a week that won't let you down.
If ETH passes around $3,500, which is the immediate resistance line, there is no clear resistance line up to the record high of $4,300. Therefore, from here on, it will possibly continue to rise toward the record high.
The market is completely returning to the uptrend. Even with on-chain data, the number of addresses with balances continues to increase and long-term holders continue to buy and collect.
On the other hand, in a strong rising market, caution is required for sudden adjustments.
There is also an important US economic indicator announcement this week. It's going to be a week that won't let you down.
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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.