By analyzing the Ethereum chart on the weekly timeframe, we can see that this cryptocurrency remains one of the strongest major cryptos in the market, continuing its bullish rally despite the overall market correction. It has already hit the next target at $3500, and I believe we might see Ethereum reaching $4000 sooner than expected! Based on previous analyses, if this bullish momentum continues, the next targets will be $3740, $4100, and $4470.
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Best Regards , Arman Shaban
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
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By analyzing the Ethereum chart on the weekly timeframe, we can see that, as expected, the price continued its bullish move, successfully hitting the $3740 target and even climbing to $3850, pushing this analysis’s total return to over 140%. We now need to watch how the price reacts at this level, as there has been a slight negative reaction so far, but confirmation is needed to see if it holds. Based on the main analysis, the next targets are $4100 and $4470!
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⚜️ Free Telegram Channel : t.me/PriceAction_ICT
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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.