ETHUSDT on the 6h chart is consolidating under 5000 after a -14% retracement. Flag structures and channel support keep the trend bullish, with 5000 acting as the major resistance. A breakout above this line sets the stage for 5200.Trade active
ETHUSDT on the 16h chart is consolidating sideways just under 5,000. Support is at 4,270, while resistance lies at 5,000. A breakout above resistance could trigger new ATHs near 5,200–5,400.
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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.