Hello Traders 🐺
In this quick update, I want to share my view on Ethereum (ETH) and walk you through the current short-term structure and price target.
📊 Technical Insight:
As shown on the chart, ETH is now trading just below a critical confluence zone of resistance between $2650 and $2850.
Here’s what makes this area significant:
🔴 A downward-sloping red trendline acting as dynamic resistance.
🟣 A weekly horizontal resistance sitting firmly at $2850.
This double-layered resistance zone is the main obstacle in ETH’s path right now.
But here’s the good news — if ETH manages to break above the red trendline, there’s a high probability that it could push through the weekly resistance as well. In that case, the next target would likely be the triangle resistance near the $3700 level — the previous swing high.
This could be a major technical breakout in the making.
📌 Key Levels:
Resistance: $2650 – $2850
Breakout Target: $3700
Let me know your thoughts in the comments 👇
And as always — stay sharp, stay patient, and stick to the plan.
🐺 Discipline is rarely enjoyable, but almost always profitable. 🐺
🐺 KIU_COIN 🐺
In this quick update, I want to share my view on Ethereum (ETH) and walk you through the current short-term structure and price target.
📊 Technical Insight:
As shown on the chart, ETH is now trading just below a critical confluence zone of resistance between $2650 and $2850.
Here’s what makes this area significant:
🔴 A downward-sloping red trendline acting as dynamic resistance.
🟣 A weekly horizontal resistance sitting firmly at $2850.
This double-layered resistance zone is the main obstacle in ETH’s path right now.
But here’s the good news — if ETH manages to break above the red trendline, there’s a high probability that it could push through the weekly resistance as well. In that case, the next target would likely be the triangle resistance near the $3700 level — the previous swing high.
This could be a major technical breakout in the making.
📌 Key Levels:
Resistance: $2650 – $2850
Breakout Target: $3700
Let me know your thoughts in the comments 👇
And as always — stay sharp, stay patient, and stick to the plan.
🐺 Discipline is rarely enjoyable, but almost always profitable. 🐺
🐺 KIU_COIN 🐺
_____________________________________
🐺 Discipline is rarely enjoyable ,
But almost always profitable 🐺
TElEGRAM CHANNEL : t.me/KIU_COIN
_____________________________________
🐺 Discipline is rarely enjoyable ,
But almost always profitable 🐺
TElEGRAM CHANNEL : t.me/KIU_COIN
_____________________________________
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
_____________________________________
🐺 Discipline is rarely enjoyable ,
But almost always profitable 🐺
TElEGRAM CHANNEL : t.me/KIU_COIN
_____________________________________
🐺 Discipline is rarely enjoyable ,
But almost always profitable 🐺
TElEGRAM CHANNEL : t.me/KIU_COIN
_____________________________________
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.