ETH Daily and Weekly Analysis: Key Levels to Watch
Daily Chart: Ethereum is forming a descending triangle, a pattern that historically offers a 70% probability of a breakout to the upside and a 30% chance of breaking downward. Traders should keep an eye on price movements near the triangle's boundaries for a potential breakout.
Weekly Chart: Ethereum/USDT recently touched a major support level and is approaching the 200-week EMA. Additionally, the RSI is at oversold levels, indicating a potential reversal or bounce in price as selling momentum weakens. These technical signals suggest that Ethereum could be gearing up for a significant move soon.
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Weekly Chart: Ethereum/USDT recently touched a major support level and is approaching the 200-week EMA. Additionally, the RSI is at oversold levels, indicating a potential reversal or bounce in price as selling momentum weakens. These technical signals suggest that Ethereum could be gearing up for a significant move soon.
If you found this analysis helpful, please SUBSCRIBE ✍️ and SHARE🙏
Good look! 🚀
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.