ETHEREUM BREAKING THE RESISTANCE ENTERING THE $3K LEVEL.
Welcome folks to the new update on ETH in 4 hours TF.
The month of March has begun and it's a good kick-off for the entire market. This is also the last month of the 1st quarter and so far things look good. Ethereum is almost 19% up from the last bounce at $2558 and the current price is breaking the upper trendline which is also a resistance level. We cannot completely claim this to be a breakout until and unless the candle closes. A breakout will be a positive move for ETh and it could possibly rally up to 3.2k to 3.6k. A break down on the other hand will drop the price back to 2.8k to 2.5k.
The entire is green right now so we need to slow down a bit and be careful. The F&D index is neutral and now the indicator can fall in any direction. The RSI on the other hand is at the overbought zone.
I believe that the market needs to calm down a bit and then make a higher rally gradually. What do you guys think?
Do like, share, and comment for more updates.
Thank you.
The month of March has begun and it's a good kick-off for the entire market. This is also the last month of the 1st quarter and so far things look good. Ethereum is almost 19% up from the last bounce at $2558 and the current price is breaking the upper trendline which is also a resistance level. We cannot completely claim this to be a breakout until and unless the candle closes. A breakout will be a positive move for ETh and it could possibly rally up to 3.2k to 3.6k. A break down on the other hand will drop the price back to 2.8k to 2.5k.
The entire is green right now so we need to slow down a bit and be careful. The F&D index is neutral and now the indicator can fall in any direction. The RSI on the other hand is at the overbought zone.
I believe that the market needs to calm down a bit and then make a higher rally gradually. What do you guys think?
Do like, share, and comment for more updates.
Thank you.
coincall.com/r/43438887
Trade crypto options and futures on Coincall for great onboarding bonuses and a premium trading experience.
Trade crypto options and futures on Coincall for great onboarding bonuses and a premium trading experience.
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.