Coming off the bottom key-level support at $3000, we strongly believe that the Ethereum is gearing up for an upside move. The short-term cycle is setting the tone right now and it had been trading sideways for the past 3 weeks. An upside reversal seems to be underway. We're jumping into a buy position, targeting the next immediate key-level resistance of $3450.
Trade closed: target reached
Hitting profit target at $3450! Case closed!
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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.