Ethereum Technical Outlook
Ethereum remains in a well-defined bullish trend and is currently hovering near the lower boundary of its ascending support zone.
The $4000–$4050 area also aligns with a key structural level from previous price action, increasing the probability of a renewed upward move.
However, short-term sentiment may be influenced by speculation around Powell’s remarks, either in the FOMC minutes or during tomorrow’s Jackson Hole Symposium.
Key Resistance Levels to Watch:
$4335
$4500
$4760
A break above these levels could confirm continuation, while any hawkish tone from the Fed may temporarily weigh on momentum.
You may find more details in the chart!
Thank you and Good Luck!
PS: Please support with a like or comment if you find this analysis useful for your trading day
Ethereum remains in a well-defined bullish trend and is currently hovering near the lower boundary of its ascending support zone.
The $4000–$4050 area also aligns with a key structural level from previous price action, increasing the probability of a renewed upward move.
However, short-term sentiment may be influenced by speculation around Powell’s remarks, either in the FOMC minutes or during tomorrow’s Jackson Hole Symposium.
Key Resistance Levels to Watch:
$4335
$4500
$4760
A break above these levels could confirm continuation, while any hawkish tone from the Fed may temporarily weigh on momentum.
You may find more details in the chart!
Thank you and Good Luck!
PS: Please support with a like or comment if you find this analysis useful for your trading day
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ETH - target 1 reached
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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.
✅MY FREE Signals Channel
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
✅MY Recommended Broker is TRADE NATION
🔸bit.ly/49VySJF
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
✅MY Recommended Broker is TRADE NATION
🔸bit.ly/49VySJF
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.