📊 Technical Analysis of Ethereum (ETHUSDT)

$ETH

Today we present to you two potential scenarios for the movements of the Ethereum currency based on the technical analysis shown in the image:

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🔹 Scenario One (in white line):

If the price breaks and closes a daily candle above the 2750-2800$ area, we are likely to see a direct upward movement towards:

📍 Target One: 3100$

📍 Target Two: 4060$

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🔹 Scenario Two (in green line):

If the mentioned resistance is not broken, it is expected that prices will return to test the strong support area at:

📍 2300$

Then we will see a rally towards the same previous targets of 3100 and 4060, God willing.

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🔻 Point of Analysis Failure:

Breaking and closing a daily candle below the level of 2172$ negates the above scenarios.

⚠️ The outlook turns purely negative if it breaks and closes below 1850$

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🟡 Note:

This is not a financial recommendation, but purely technical analysis, and everything can change at any moment, especially in light of the global trade war and news affecting the markets.

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🔺 Reminder:

The rise of Ethereum is often a positive indicator for the overall market movement, and it means the possibility of other cryptocurrencies rising with it.

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$ETH

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