ETH/USDT Chart Update !!
The ETH/USDT chart continues to show bullish momentum, with price action having recently broken above previous resistance levels and showing strength. The upward trend seems intact as ETH moves within a large descending channel, and the breakout suggests the potential for further upside.
ETH has broken the 200-day moving average (green line), confirming strong upward momentum.
If the current trend persists, the chart suggests potential upside targets around the $4,200 to $4,800 levels.
However, given today’s slight decline, it may be wise to retest around the $2,700 support area to confirm the strength of the breakout.
As long as ETH maintains the new support levels, this setup looks positive for the long-term bullish scenario. Keep monitoring any potential pullbacks for a safe entry if you are considering new positions.
Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
You can DM us for information on any other coin.
@Peter_CSAdmin
ETH has broken the 200-day moving average (green line), confirming strong upward momentum.
If the current trend persists, the chart suggests potential upside targets around the $4,200 to $4,800 levels.
However, given today’s slight decline, it may be wise to retest around the $2,700 support area to confirm the strength of the breakout.
As long as ETH maintains the new support levels, this setup looks positive for the long-term bullish scenario. Keep monitoring any potential pullbacks for a safe entry if you are considering new positions.
Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
You can DM us for information on any other coin.
@Peter_CSAdmin
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