Hey Binance Square Fam! Let’s Talk Ethereum’s Weekly Resistance Siege 👀
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🧱 The Big Picture
On the weekly chart, ETH is stacking up against three powerful resistance levels all at once:
1. Horizontal resistance zone around $3,600–$3,700, from previous highs
2. A descending trendline drawn from early 2024 peaks just above $3,700
3. The upper boundary of an ascending wedge/channel (~$3,600), acting as a ceiling for over three months .
This multi-layer barrier is creating a tension point: break above, and ETH could surge. Fail the test, and a pullback is likely.
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🔍 What the Charts Show
Price Action: ETH recently hit $3,606—a ~40% rally in two weeks—and is now testing that $3.6 k critical wall .
Analyst Insights: Expert Kaleo from X foresees a “God candle” propelling ETH beyond $4,000 once this wedge breaks .
Cup‑and‑Handle Pattern? Some see daily structure pointing to $4,200 upside if the breakout holds .
Support Levels: Watch the retest floor around $3,400 and deeper at $3,000—pullbacks to these zones offer entry opportunities .
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🎯 Key Levels & Strategy
Level Role Strategy
**$3,600–$3,700** Testzone of triple resistance Wait for weekly candle close 🔔
Breakout 🎉 Above ~ $3,700–$3,800 Targets: $4,000 → $4,200+
Pullback 📉 To $3,400 or $3,000 Use as entry zones with tight SL
Support at EMAs EMA100 (daily) and wedge floor Adds extra conviction
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💡 Trading Tips for Square Fam
1. Patience wins: Don’t chase now—let the weekly candle confirm.
2. Snapshot your charts: Highlight the wedge, trendline, and $3.6 k zone.
3. Use labels/emojis: Example: “🎯 Entry: $3,400–$3,500, TP: $4,000, $4,200”
4. Technical + fundamentals: Affirms break via visible volume bump or macro catalyst.
5. Hashtags & engagement: #ETH #BinanceSquareFamily #AltSeason —ask followers: “Will ETH break the triple‑layer ceiling this week?”
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⚠️ Risk & Reward
Upside: Weekly close above resistance could trigger a +15–20% rally to $4k–$4.2k.
Downside: Rejection might prompt a retrace to $3.4k or even $3.0k
Manage Risk: Keep SL tight just below $3.4k or beneath wedge floor.
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🛠️ Square‑Approved Posting Framework
1. Upload a clear weekly chart showing resistances and wedge.
2. Add smart labels like “🔒 Resistance Zone” & “✨™ Trendline”
3. Tag levels in bullet points with emojis 👉
4. Hashtags: #ETH #BinanceSquareFamily #CryptoCharts
5. Spark engagement: “Thinking we’ll close above $3.7K candle by Sunday?”
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🌟 Final Word
Ethereum is at a make‑or‑break moment, packed against three key resistance lines. A successful breakout could rock ETH to $4,000–$4,200+, while rejection may bring a healthy retrace. Trade wisely, follow the plan, and keep your Square posts sharp, value‑driven, and community-friendly!