🔍 ETH/USDT Analysis – Daily Timeframe
ETH is currently trading at $2,427, holding above the key support zone around $2,370 - $2,390, which is aligned with the 100 EMA. This zone has acted as a strong accumulation area.
📈 Market Structure:
Price is consolidating inside a horizontal range. A confirmed breakout above the resistance zone ($2,650 - $2,700) could lead to a bullish continuation towards the major resistance at $2,861.
📊 Technical Outlook:
Trend: Sideways range (accumulation phase)
100 EMA: Acting as dynamic support
Breakout Potential: Bullish continuation expected on breakout and retest
📌 Trade Plan (Not Financial Advice):
Entry Idea: Break and close above $2,700 zone
Target: $2,861 and higher
Invalidation: Daily candle close below $2,370
ETH is building strength above its 100 EMA. A breakout from this range can trigger a fresh bullish leg.
🔁 Like & share your opinion! Always DYOR before trading.
ETH is currently trading at $2,427, holding above the key support zone around $2,370 - $2,390, which is aligned with the 100 EMA. This zone has acted as a strong accumulation area.
📈 Market Structure:
Price is consolidating inside a horizontal range. A confirmed breakout above the resistance zone ($2,650 - $2,700) could lead to a bullish continuation towards the major resistance at $2,861.
📊 Technical Outlook:
Trend: Sideways range (accumulation phase)
100 EMA: Acting as dynamic support
Breakout Potential: Bullish continuation expected on breakout and retest
📌 Trade Plan (Not Financial Advice):
Entry Idea: Break and close above $2,700 zone
Target: $2,861 and higher
Invalidation: Daily candle close below $2,370
ETH is building strength above its 100 EMA. A breakout from this range can trigger a fresh bullish leg.
🔁 Like & share your opinion! Always DYOR before trading.
for free search on telegram channel @TradeWithARZ
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.
for free search on telegram channel @TradeWithARZ
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.