Hey Binance Square family! š
$ETH Ethereum (ETH) is currently trading around $2,496.80, showing a slight dip of 0.41% over the past 24 hours.
Based on my recent analysis and insights from TradingView, thereās a strong possibility that $ETH
ETH could reach between $8,600 and $10,400 during this current bull cycle.
š Technical Overview:
Current Price Action: $ETH ETH has recently broken through some key resistance levels, which signals strong bullish momentum.
Support Levels: Immediate support lies around $2,400, with a deeper support zone near $2,200.
Resistance Levels: Key resistance zones to watch are around $2,600 and $2,800.
Technical Indicators: The RSI is nearing the overbought territory, and the MACD has shown a bullish crossover ā both indicating potential for further upside movement.
š Market Sentiment:
Overall, the market sentiment looks bullish, and technical indicators are aligning to support a possible upward breakout in ETHās price.
š Final Thoughts:
While the charts suggest a strong upward trend, always make sure to do your own research and apply solid risk management strategies before entering any trade.
š¹ Stay safe, and happy trading!
Disclaimer: This is not financial advice. Always do your own research before making any investment decisions.