The price is breaking the resistance of the local correction pattern. The coin is trying to go beyond the consolidation range (breaking the bearish wedge resistance). A break of the local high will be a confirmation that the correction is over and the market is ready to move on.
Earlier ETH-ETF was approved, the next stage is confirmation of S-1 form (admission to trading), SEC is actively working with issuers, trading may start this summer.
Also, a positive sign of a strong market is the end of the SEC's judicial investigation against ConsenSys (Ethereum developer). Volumes are rising and like the price, traders are taking this fact positively.
Resistance levels: 3650, 3730
Support levels: 3585, 3480, 3400
The price consolidation above 3650-3730 will confirm the end of the correction. Bulls in this case can take the situation into their own hands after a long accumulation, the target of which may be a test of high, as well as ath.
Regards R. Linda!
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NO‼️
You❗️CAN and ❗️SHOULD make money in trading!
Join me, I'll guide you to PROFITABLE TRADING💵!
🟢Free Telegram Channel:
t.me/RLindaTrade
🔴Contact:
t.me/RLindaSignals
🧿Web: rlinda.com