Ethereum's $3,000 Dilemma: Bullish Rejection, Bearish Break-Out?
Indecisiveness persists in the intraday chart as Ethereum hovers around $2,992, an intraday support zone.
1. A bullish rejection of $2,992 with momentum could offer a scalping opportunity, targeting $3,166, $3,370, and possibly extending to $3,551.
2. Closing H4 candles below $2,992 raises the likelihood of a downside move towards $2,898 and $2,787.
3. Alternatively, a lack of momentum may result in sluggish, sideways price action between $2,992 and $3,166.
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1. A bullish rejection of $2,992 with momentum could offer a scalping opportunity, targeting $3,166, $3,370, and possibly extending to $3,551.
2. Closing H4 candles below $2,992 raises the likelihood of a downside move towards $2,898 and $2,787.
3. Alternatively, a lack of momentum may result in sluggish, sideways price action between $2,992 and $3,166.
More details in signature!
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