Hey there, Binance Square family! š Let's dive into some exciting technical analysis on ETHUSDT.
What's Poppin'?
As you can see on the chart, ETHUSDT is currently hovering around the significant psychological level of 4000. š§ This zone has been a major area of resistance in the past, with the price testing and rejecting it a couple of weeks ago.
What to Watch For:
* Breakout or Pullback: We're at a critical juncture. The price could either pull back from this resistance zone or potentially break through on its third attempt. šÆ
* Support and Trendline: I expect the price to find support at the lower trendline and bounce back upwards. š
* Resistance Target: If we do break out, the next resistance zone to watch is around 4300.
If you have any questions or want to discuss this further, feel free to drop a comment below. š¬
Disclaimer: This is not financial advice. Please do your own research before making any investment decisions.
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