ETH Breaks Out with Bullish Momentum: Eyes on Key Resistance
ETH Breaks Out with Bullish Momentum: Eyes on Key Resistance
Since last night, the entire market has been in a state of panic due to President Trump's recent decisions. Trump threatened to raise tariffs on Canada and Mexico to 25%, and also warned China of higher tariffs. In short, it's a real mess.
But why are cryptocurrencies rising today?
The market was hesitantly waiting for Trump to approve the cryptocurrency law. Apparently, the strange movements that President Trump has announced have also put the crypto market in motion, anticipating his decision.
Technical Analysis:
The price has broken out from the pattern, indicating an increase in bullish momentum. The breakout appears solid for the moment, suggesting that ETH may rise further. A very strong resistance zone is identified near 3500. If the price breaks out above 3500, it should pave the way for further growth, with a minimum target of 3700.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Since last night, the entire market has been in a state of panic due to President Trump's recent decisions. Trump threatened to raise tariffs on Canada and Mexico to 25%, and also warned China of higher tariffs. In short, it's a real mess.
But why are cryptocurrencies rising today?
The market was hesitantly waiting for Trump to approve the cryptocurrency law. Apparently, the strange movements that President Trump has announced have also put the crypto market in motion, anticipating his decision.
Technical Analysis:
The price has broken out from the pattern, indicating an increase in bullish momentum. The breakout appears solid for the moment, suggesting that ETH may rise further. A very strong resistance zone is identified near 3500. If the price breaks out above 3500, it should pave the way for further growth, with a minimum target of 3700.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
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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.
✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
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.