In my previous analysis, I said that Eth is trading in a range, and for clarification, we need a break of support or resistance.
Initially, EthUsd had an attempt to break under support, but bulls quickly took control around 1700 support.
At the time of writing Ethereum is trading above 1800 and it seems like the break will be to the upside.
At this moment I'm bullish and looking to buy dips under 1800.
A break above 1850 should lead to acceleration and 2k could be the first target, but, considering the chart structure since the beginning of the year, 2300 is very probable in the medium term.
Only a daily close under 1700 would negate this scenario
Initially, EthUsd had an attempt to break under support, but bulls quickly took control around 1700 support.
At the time of writing Ethereum is trading above 1800 and it seems like the break will be to the upside.
At this moment I'm bullish and looking to buy dips under 1800.
A break above 1850 should lead to acceleration and 2k could be the first target, but, considering the chart structure since the beginning of the year, 2300 is very probable in the medium term.
Only a daily close under 1700 would negate this scenario
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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.