Trisha_Saha
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ETHUSDT | DAILY TIMEFRAME UPDATEš¤š„°
$ETH
#ETHUSDT | DAILY TIMEFRAME UPDATE
In my last analysis, I shared a higher time frame outlook on #Ethereum , and since then, #ETH dropped below $3,000 before bouncing back to the upside.
I know many of you are strong believers in Ethereum and are anticipating a new all-time high.
However, in this analysis, Iām focusing on a logical, higher time frame perspective to assess its potential movements.
Based on the monthly, weekly, and daily charts, I remain bullish on Ethereum, and we could see higher prices in the coming months. š
Key Levels to Watch:
š Short-term targets: $3,258 - $3,358
š Midterm targets: $3,453.69 - $3,525.72 - $3,625
š Long-term targets: $3,774.83 - $3,851 - $4,100
šØ Invalidation level: Below $2,900
Note
We're nearing the end of January, and the next monthly candle for #Ethereum is likely to be bullish.
Based on this analysis, the risk-to-reward ratio makes it a worthwhile trade. However, keep in mind that if the price drops below $2,900, this analysis becomes invalid.
That said, donāt go all-in on ETH. You might make some money with this strategy, but if you put everything into a single coin, focusing only on potential rewards while ignoring the risks, you'll likely end up on the losing side of the game. Trade wisely. Wishing you success in your trades! ā¤ļø
It could be a Bullish AMD setup
What do you think? š¤
#ETHUSDT | DAILY TIMEFRAME UPDATE
In my last analysis, I shared a higher time frame outlook on #Ethereum , and since then, #ETH dropped below $3,000 before bouncing back to the upside.
I know many of you are strong believers in Ethereum and are anticipating a new all-time high.
However, in this analysis, Iām focusing on a logical, higher time frame perspective to assess its potential movements.
Based on the monthly, weekly, and daily charts, I remain bullish on Ethereum, and we could see higher prices in the coming months. š
Key Levels to Watch:
š Short-term targets: $3,258 - $3,358
š Midterm targets: $3,453.69 - $3,525.72 - $3,625
š Long-term targets: $3,774.83 - $3,851 - $4,100
šØ Invalidation level: Below $2,900
Note
We're nearing the end of January, and the next monthly candle for #Ethereum is likely to be bullish.
Based on this analysis, the risk-to-reward ratio makes it a worthwhile trade. However, keep in mind that if the price drops below $2,900, this analysis becomes invalid.
That said, donāt go all-in on ETH. You might make some money with this strategy, but if you put everything into a single coin, focusing only on potential rewards while ignoring the risks, you'll likely end up on the losing side of the game. Trade wisely. Wishing you success in your trades! ā¤ļø
It could be a Bullish AMD setup
What do you think? š¤
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