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$ETH /USD: About to break a historic mark? ๐ง
$ETH is steadily moving above the Ichimoku cloud, breaking a key resistance on the daily timeframe... Are we on the verge of a rally towards $5,200?
๐ My technical analysis:
๐ Current price: $4,696
๐ Upward trend line supporting the momentum
๐ Price is trading above the Ichimoku cloud โ dynamic support
๐ A critical resistance area has recently been broken
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Short term: $5,000 โ $5,200
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If $5,200 is breached, the next extension: $5,500 โ $5,650
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Support levels: $4,380 (trend line + cloud), then $4,000 in case of a correction
๐ My chart clearly shows that $5,200 is the next turning point... and everything indicates that ETH is ready to explode.
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