Hello traders here is KingPro's analysis on Ethereum
📈ETH is at the critical resistance level strong closing above it could tiger a bullish move.
Current Price: $2,628
EMA 70 Support: Price is holding above the 70-period EMA ($2,577), showing bullish structure.
Support Zone: The area around $2,320–$2,400 is acting as a strong historical support, confirmed multiple times.
Supply Zone: Consolidation occurred near $2,570–$2,620, but price has broken above it — indicating accumulation.
Critical Resistance Area: Around $2,780–$2,800. This is a key level — a breakout above could lead to strong bullish continuation.
Next Target: $2,782.93 – price may retest this resistance as indicated by the projection arrow.
📊 Trade Idea:
If ETH sustains above $2,620 and breaks the short-term channel resistance, a move toward $2,782+ is likely.
🔒 Risk: A breakdown below the EMA or the supply zone (~$2,570) could invalidate the setup.
📈ETH is at the critical resistance level strong closing above it could tiger a bullish move.
Current Price: $2,628
EMA 70 Support: Price is holding above the 70-period EMA ($2,577), showing bullish structure.
Support Zone: The area around $2,320–$2,400 is acting as a strong historical support, confirmed multiple times.
Supply Zone: Consolidation occurred near $2,570–$2,620, but price has broken above it — indicating accumulation.
Critical Resistance Area: Around $2,780–$2,800. This is a key level — a breakout above could lead to strong bullish continuation.
Next Target: $2,782.93 – price may retest this resistance as indicated by the projection arrow.
📊 Trade Idea:
If ETH sustains above $2,620 and breaks the short-term channel resistance, a move toward $2,782+ is likely.
🔒 Risk: A breakdown below the EMA or the supply zone (~$2,570) could invalidate the setup.
Trade closed: target reached
target achieved
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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.