After reaching its peak at 4000 on March 11th, 
ETHUSD began to correct lower towards the 3000 zone, which is the next important level.
Despite bearish attempts to push the price below this level over the past trading month, they have failed each time.
The decline from the recent peak at 4000 is also confined within a falling wedge pattern, which typically indicates a reversal to the upside.
This scenario becomes more plausible with a break above the confluence resistance ranging from 3200 to 3250.
In such an instance, we could anticipate the upward momentum to persist, potentially leading the price to retest the 4000 zone once again.
ETHUSD began to correct lower towards the 3000 zone, which is the next important level. Despite bearish attempts to push the price below this level over the past trading month, they have failed each time.
The decline from the recent peak at 4000 is also confined within a falling wedge pattern, which typically indicates a reversal to the upside.
This scenario becomes more plausible with a break above the confluence resistance ranging from 3200 to 3250.
In such an instance, we could anticipate the upward momentum to persist, potentially leading the price to retest the 4000 zone once again.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。