๐ Technical Analysis of Ethereum (ETHUSDT)
Today, we present two potential scenarios for the movements of Ethereum based on the technical analysis shown in the image:
---
๐น First Scenario (in white line):
If a daily candle closes above the 2750-2800$ area, it is likely that we will see an immediate upward movement towards:
๐ First Target: 3100$
๐ Second Target: 4060$
---
๐น Second Scenario (in green line):
If the mentioned resistance is not breached, prices are expected to return to test the strong support area at:
๐ 2300$
Then we may see a rally towards the same previous targets of 3100 and 4060, God willing.
---
๐ป Analysis Failure Point:
Breaking and closing a daily candle below the 2172$ level cancels the above scenarios.
โ ๏ธ The outlook turns purely negative if it breaks and closes below 1850$
---
๐ก Note:
This is not a financial recommendation, but purely a technical analysis and everything may change at any moment, especially in light of the global trade war and news affecting the markets.
---
๐บ Note:
The rise of Ethereum is often a positive indicator of the overall market movement and suggests the possibility of other cryptocurrencies rising with it.
๐ Follow me for more technical analyses and ongoing updates
โ Don't forget to support us by sharing the post if you find it useful.
---
#Ethereum #ETH #Technical_Analysis #Crypto #Trading #Digital_Currencies #Investment #Bitcoin #crypto #cryptotrading #ethusdt #Currency_Analysis #ุณูู_ุงูุนู ูุงุช_ุงูุฑูู ูุฉ
