Ethereum Analysis ETH
🔹 The leader of alternative currencies in any bull run, and its movements are considered an important indicator for the entire market.
📌 A week ago, we shared two expected analyses:
1️⃣ Scenario One: Breaking the yellow box (a strong resistance area), and indeed the price reached it but failed to break through and started to retreat.
2️⃣ Scenario Two: The price returns to the white area (2340 - 2200) as a support level... The price indeed dropped to around 2376, then rebounded and is currently trading at 2534.
🎯 Currently:
The price needs to close daily above the yellow box before we start targeting the following goals:
✅ TP1: 3100
✅ TP2: 3481
✅ TP3: 4115
💰 For those looking for buying opportunities:
The white levels (2340 - 2200) are considered excellent buying areas if the price returns to them again.
$BTC
⚠️ Analysis failure point:
Daily close below 2144
And if it closes below 1850, we expect a deeper market correction.
📌 Follow the daily closures, they are the next key for Ethereum's movement.
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🔔 Alert: This is just a technical analysis based on current data, and it may be right or wrong. Capital management is always a priority.