ETHUSD → Retest 2800. What's next? Growth or pullback?

15 févr. 2024

ETHUSD is forming a gorgeous rally after breaking through the consolidation resistance of 2838. There was an idea where I pointed out the importance of this area. The coin is up almost +19%

Idea: ETHUSD → What's the significance of 2300? When's the growth?

Technically, the price is currently forming a trend retest and is at its highs. High interest in etherum as well as strong fundamentals play a favorable role for further strengthening of the pair. The main fundamental frontier is ETH-ETF, analysts are waiting for approval in summer, but so far it is only a rumor.



Technically, after the rally, the price can form a false break of trend resistance and 2788.8 and form a correction to the risk area - 0.236 fibo or 2644 before further growth. But the market is so strong that consolidation above 2788.8 may form a local bottom, which will favor further growth to the above targets.

Support levels: trend, 0.236 fibo, 2644
Resistance levels: 2788.8, 2952, 3275

A strong bullish trend may form a stop or a small correction before further growth. Technically and fundamentally everything is predisposed to the trend continuation.

ETH1! ETH TOTAL

Regards R. Linda!

15 févr. 2024

Note

Retest (consolidation)

20 févr. 2024

Trade fermée: cible de profit atteinte

intermediate target achieved)

22 févr. 2024

Note

The $3000 retest continues

26 févr. 2024

Trade fermée: cible de profit atteinte

intermediate target achieved)

27 févr. 2024

Trade fermée: cible de profit atteinte