The weekly ETH/USD chart highlights a critical moment for Ethereum as it consolidates above key support zones.
Key takeaways:
Green support blocks around $2,500-$3,000 serve as a solid base for accumulation.
The red resistance zones near $4,000-$5,000 remain crucial for a breakout.
A long-term uptrend line suggests the possibility of ETH targeting $7,000 in the next bullish cycle.
Will Ethereum reclaim its momentum and challenge its previous highs? 🚀 Share your insights and strategies in the comments below!
Key takeaways:
Green support blocks around $2,500-$3,000 serve as a solid base for accumulation.
The red resistance zones near $4,000-$5,000 remain crucial for a breakout.
A long-term uptrend line suggests the possibility of ETH targeting $7,000 in the next bullish cycle.
Will Ethereum reclaim its momentum and challenge its previous highs? 🚀 Share your insights and strategies in the comments below!
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.
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.