Triple Top or Takeoff? ETH to test critical resistance
Ethereum is testing the $4,090 resistance for the third time, raising concerns of a potential triple top formation. If the price fails to break through this critical level, it could signal a bearish reversal, leading to a decline toward $3,800 or lower. Triple tops often indicate weakening momentum, as sellers overpower buyers at consistent highs. However, if the resistance holds and ETH rejects again, traders should watch for a breakdown confirmation below $4,000. A decisive break above $4,100, on the other hand, could invalidate the bearish setup and open the path to new highs.
Key levels to watch if ETH breaks to the upside -
If ETH gets denied at 4090 expect a pullback to the 3800 level, if ETH can stay above this level it will eventually test 4090 a 4th time
Key levels to watch if ETH breaks to the upside -
- 4200-4250 - Psychological resistance
- 4400-4450 - Halfway mark to ath
- 4600-4650 - Past resistance
If ETH gets denied at 4090 expect a pullback to the 3800 level, if ETH can stay above this level it will eventually test 4090 a 4th time
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.