ETHUSD Potential Breakout Through $1373
Updated
ETH is approaching the $1347 resistance level and at the moment trying to break above $1373. If it could find support above $1373 on the daily it'd start heading to new highs.
Daily Timeframe of ETH
Looking at the daily timeframe of ETH its trying to break above the local high level of $1373 going long towards $1435 and then $1594.89 for the local ATH price on the exchange Kraken.
At the moment, ETH is consolidating or has been between $1111 - $1373 and swinging in that range. If ETH does not pump through this $1373 level on this pump on seen on the 4-Hour then it will continue to range between the two. Notably ETH has been consistently creating higher lows and each support level is being bought up.
It is heading towards $1435 and then $1594 for my targets
As always please do your own research, I am not a financial advisor.
Daily Timeframe of ETH
Looking at the daily timeframe of ETH its trying to break above the local high level of $1373 going long towards $1435 and then $1594.89 for the local ATH price on the exchange Kraken.
At the moment, ETH is consolidating or has been between $1111 - $1373 and swinging in that range. If ETH does not pump through this $1373 level on this pump on seen on the 4-Hour then it will continue to range between the two. Notably ETH has been consistently creating higher lows and each support level is being bought up.
It is heading towards $1435 and then $1594 for my targets
As always please do your own research, I am not a financial advisor.
Note
ETH 4H Update - Broke out to the topside of this ascending triangle, looks like its going to retest $1347 - $1373 range (resistance turned support) before moving up beyond $1435 towards 2017 ATH levels at $1594
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.