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🚀 $ETH On the brink of a new peak – Are we witnessing a historic breakthrough soon?
📈 General trend: $ETH is bullish after a strong rebound from $4,200, with a new peak recorded at $4,320 during the day.
📊 Price action: Consecutive bullish candles indicate the continuation of buying momentum, and high trading volume supports the trend.
📌 Important levels:
Support: $4,200
Resistance: $4,320
Potential targets: $4,350 – $4,400
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📰 Influential news:
1. Launch of a new test network for Ethereum 3.0 with improvements in speed and security. Source
2. Increase in the number of active wallets on the #Ethereum network by 8% over the week. Source
3. Rise in ETH burning operations by 15%, reducing the circulating supply. Source
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✅ Positives:
Bullish trend with breaking of minor resistances.
Positive technical news supporting the project.
Increase in burning reduces inflation in the currency.
⚠️ Negatives:
Approaching resistance at $4,320 may slow down the rise.
Possibility of a correction if trading volumes suddenly decrease
$ETH