Ethereum Eyes $2,725: Breakout or Fakeout?
The 4-hour chart for ETH/USDT shows a promising setup as Ethereum hovers around the $2,600 mark, forming a potential reversal pattern. The price recently tested the $2,536 support level and has since shown signs of a recovery.
The key resistance to watch is at $2,725. A successful break above this level could confirm a bullish continuation, potentially driving Ethereum towards the $2,800 mark. However, if the price fails to maintain momentum above $2,600, a retest of the $2,536 support level could be in play.
The shaded blue area on the chart represents a critical decision zone where bulls and bears will battle for control. A move above $2,725 could ignite further buying interest, while a failure could result in a pullback.
Traders should monitor this level closely, as it will determine the short-term direction for Ethereum.
The key resistance to watch is at $2,725. A successful break above this level could confirm a bullish continuation, potentially driving Ethereum towards the $2,800 mark. However, if the price fails to maintain momentum above $2,600, a retest of the $2,536 support level could be in play.
The shaded blue area on the chart represents a critical decision zone where bulls and bears will battle for control. A move above $2,725 could ignite further buying interest, while a failure could result in a pullback.
Traders should monitor this level closely, as it will determine the short-term direction for Ethereum.
iSmashProfit
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.