Eth is bouncing off a long term support which is also lining up with the 200 simple moving average. It might go to back-test this support before the pump.
RSI is ready to bounce off a rising trendline.
Target for this long is 2,544 which from the expected test is around 50% shown on the infoline.
NFA
Do your own DD
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This is the smaller trend break at the 4 Hour perspective.
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go go go
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round 2 for eth?
declining volume. Retracement to .5 fib. rsi is oversold nearing a pivot. stochastic is also oversold. PA forming a descending triangle over .5 fib.
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Eth with a roughly 25% breakout from around the .5 fib.
price currently making another push at the .618 extension
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Eth could be looking for a daily 50 sma test before completely "w" shape.
If price continues to pullback, I will be monitoring the daily 50sma
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Monthly Big picture with 2025-2026 correction included
incredible fib confluence.
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eth is breaking weekly structure and has just smashed the 50 sma weekly. horizontal lines are the 1.618 and 2.618 of the previous high swing low. these are potential cycle highs for ETH/USD
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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.