Price Action & Structure:
• Ethereum is forming a symmetrical triangle, indicating a potential breakout or breakdown in the coming months.
• Key resistance levels:
• $4,698 (mid-term resistance)
• $5,640 (all-time high area)
• Key support levels:
• $2,235
• $1,600
Indicators:
• RSI (14): Currently around 50, showing neutral momentum but slightly recovering. No overbought or oversold condition.
• MACD (12,26): The blue line is attempting to cross above the orange line, a possible early bullish crossover. Histogram shows weakening bearish momentum.
• Volume: Decreasing volume inside the triangle pattern, typical before a breakout.
Outlook:
• A breakout above $4,698 with volume could target the $5,640 zone.
• A breakdown below $2,235 would open the door toward $1,600 or lower.
• Wait for a confirmed breakout from the triangle before major entries.
• Ethereum is forming a symmetrical triangle, indicating a potential breakout or breakdown in the coming months.
• Key resistance levels:
• $4,698 (mid-term resistance)
• $5,640 (all-time high area)
• Key support levels:
• $2,235
• $1,600
Indicators:
• RSI (14): Currently around 50, showing neutral momentum but slightly recovering. No overbought or oversold condition.
• MACD (12,26): The blue line is attempting to cross above the orange line, a possible early bullish crossover. Histogram shows weakening bearish momentum.
• Volume: Decreasing volume inside the triangle pattern, typical before a breakout.
Outlook:
• A breakout above $4,698 with volume could target the $5,640 zone.
• A breakdown below $2,235 would open the door toward $1,600 or lower.
• Wait for a confirmed breakout from the triangle before major entries.
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.
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.