šš„$ETH USDT:
Title: š ETH on the Edge: Testing the 200W MA! š
Body:
$ETH is currently at a critical juncture, testing the significant 200-Week Moving Average on the 4-hour chart! This is a key level that could dictate the next major move for ETHUSDT. Keep a close eye on this chart as we navigate potential breakouts or rejections.
Potential Targets for ETHUSDT:
1. Target 1 (Resistance Test):
If ETH successfully breaks above the 200W MA and finds support, look for a move towards the $2,670 resistance level, indicated as a previous high on the chart.
2. Target 2 (Uptrend Continuation):
A strong bullish momentum following the 200W MA test could push ETH towards the $2,910 level, aiming for higher highs as seen in earlier price action.
3. Target 3 (Support Retest):
In case of a rejection at the 200W MA, ETH might retest lower support levels. A potential target for a retest could be around $2,370, a significant support level observed in recent price history.
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