1. Trend
ETH is in a long-term uptrend within an ascending channel, showing strong bullish momentum with recent price action suggesting a bounce from the lower boundary.
2. Resistance and Support Levels
Support is at $2,000, aligning with the channel's lower boundary, while resistance is at $5,000, matching the upper boundary.
3. Predicted Target
The target for ETH is $5,000, based on the channel's upper resistance.
4. Action Strategy: Buy and Hold to Target
Buy ETH near $2,000 support and hold until it reaches the $5,000 target, then reassess for profit-taking or breakout.
Highly recommend HOLD and Stacking $ETH at Binance
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