ETHUSD - ANALYSIS👀 Observation:
Hello, everyone! I hope you're doing well. I’d like to share my analysis of ETH-USD with you.
Looking at the ETH-USD chart, I expect the price to decrease to 1,658.33. After reaching this level, I anticipate a period of consolidation and range-bound price action. Once the range is broken in a lower timeframe, I expect a bullish trend to begin, with a target of 2,920.
📉 Expectation:
Bearish Scenario: Drop to 1,658.33, followed by consolidation and range breaks in a lower timeframe.
Bullish Scenario: Once the range breaks, the price will start moving up toward 2,920.
💡 Key Levels to Watch:
Support: 1,658.33
Resistance: 2,920
💬 What’s your outlook on ETH this week? Let me know your thoughts in the comments!
Trade safe