Market Analysis Alert!š
$ETH Iāve been closely analyzing the latest chart, and hereās whatās on the horizon:šÆ
⢠If the price breaks out upward and then retests key levels, weāre eyeing potential targets at 271 and 2879. This scenario suggests a strong bullish momentum ready to drive prices higher.š§
⢠However, if we experience a breakdown instead, Fibonacci retracement levels come into play. Expect the next target zone to be around 382āwith possible tests at 2524 and 2518āindicating that support levels could hold, setting the stage for a bounce.š²
⢠Donāt forget the powerful role of trend lines and extra Fibonacci levels (618 & 786). These act as vital checkpoint zones, providing further confirmation and aligning with body-to-body candlestick dynamics.š„
In essence, whether we see an upward breakout or a downward breakdown, the chart is offering clear directional hints. Stay tuned, manage your risk wisely, and use these technical pointers to shape your trading strategy!ā
#MarketSentimentToday #TechnicalAnalysiss #Fibonacci #breakouts #TradingStrategyš„š„ āāāāāāāāāāāāāāāāāāāāāāāāāāāāāā
This concise breakdown encapsulates the dual scenario approach and key levels from my recent analysis. Happy trading!š