Resistance: resistance zone is located between $4,700 and $4,800, it is all time high level there are some profit booking whic led to a short reversal,
Support:The primary support is the rising trendline, which has been guiding the price upwards since early September.
There's also a strong horizontal support zone between $4,100 and $4,200. A break below the rising trendline would likely test this lower support level.
An intermediate support level is visible around $4,300 to $4,400, which is where the price is currently hovering.
Ethereum is currently in a high-stakes waiting game. The price is consolidating, building energy for its next major move or all time high. The most prudent strategy is to remain patient and wait for a confirmed breakout or breakdown before entering a position. Waiting for a break of the key resistance at $4,700 or the key support at $4,100 provides a clear entry signal and allows for better risk management.
Support:The primary support is the rising trendline, which has been guiding the price upwards since early September.
There's also a strong horizontal support zone between $4,100 and $4,200. A break below the rising trendline would likely test this lower support level.
An intermediate support level is visible around $4,300 to $4,400, which is where the price is currently hovering.
Ethereum is currently in a high-stakes waiting game. The price is consolidating, building energy for its next major move or all time high. The most prudent strategy is to remain patient and wait for a confirmed breakout or breakdown before entering a position. Waiting for a break of the key resistance at $4,700 or the key support at $4,100 provides a clear entry signal and allows for better risk management.
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.