ETHEREUM → The coin comes to life. Target 4,000?

4 mai

ETHUSDT is forging a retest of the key support area. On the background of NFP publication, the coin grows following the flagship - BTC and tests 3130. We are waiting for a retest of 3200.



An interesting promising candlestick pattern is forming on W1 on the background of the retest of the key support, which is the resistance of the previously broken ascending channel. The Chart clearly shows how the market is gathering liquidity at the expense of sellers, which is generally an encouraging pattern with the goal of further growth. On D1 it is worth paying attention to the triangle boundaries, as well as to the 3200 area, a breakout and subsequent consolidation above which will form a strong bullish potential that can continue to grow to the interim high of 4086, as well as to the ATH.

Support levels: 2900, 2812
Resistance levels: 3200, 3350

Technically and fundamentally, ETH has a good potential. The phase of realization of the accumulated energy can be activated at the breakout of 3200. Also, on a bullish trend symmetrical triangle is a good and potentially promising pattern.

Regards R. Linda!

4 mai

Transaction en cours

The 3200 - 2900 range is playing a key role at the moment

4 mai

Note

Consolidation

5 mai

Transaction en cours

ETH is testing one of the important levels of 3065.
In general, the structure is still weak, but bullish prerequisites are already appearing.

Consolidation of the price above the level can be the reason for growth to 3275
From 3300 the price may go to 3700 and further to 4100. Fundamentally everything is good at the moment

Risk zone 2950

5 mai

Note

The rise continues with all eyes on 3200

6 mai

Transaction en cours

The price is gradually pushing towards 3200. Consolidation is forming, but the level has not been retested yet. It is important for the market to test, as we need to see the reaction of buyers and sellers, as 3200 is a liquidity area

7 mai

Transaction en cours

Bounce from resistance. A retest to the level will give a chance for a breakout

10 mai

Transaction en cours

15 mai

Transaction en cours

A false break of trend support is formed

15 mai

Transaction en cours

The price is over 3K

16 mai

Transaction en cours

Within the framework of this rally the price can reach 3200
And around this level (3200) it will be necessary to watch the price reaction.
A slow approach will be a prerequisite for the readiness to break the bearish correction and continue the growth

17 mai

Transaction en cours

20 mai

Transaction en cours

Ethereum breaks said resistance
At the moment +9%

21 mai

Transaction en cours

Interim target achieved :)

21 mai

Transaction en cours

Super reaction!
The price is up 22% for 1 day.
A correction or consolidation may follow from the resistance at 3730.

22 mai

Transaction en cours

A correction is forming.
This pullback may take up to 30% of the impulse movement
the market is waiting for news related to ETH- ETFs

23 mai

Transaction en cours

The SEC's decision on the Ethereum-ETF is expected around 20:00 GMT today.
The decision on bitcoin was at 19:45 GMT.
If SEC approves ETH-ETF it will be another bullish factor for the market, the second most capitalized asset may test ATH ($4,867) and also update it.
Stay tuned ;)

24 mai

Transaction en cours

SEC APPROVED SPOT ETH-ETF

Bloomberg confirms approval of Ethereum ETF, but don't see the document on the SEC website yet - cites a really reliable source (PhoenixTrades)

PS:
Technically, if ETH consolidates above 3827, then above 4095, in which case it will head towards ATH

BUT! History may repeat itself like with BTC after the approval of BTC-ETF. Market maker can make a trap (quick drop) and then upwards

27 mai

Transaction en cours

Ethereum is very strong. The coin is consolidating above the key level and is ready to go further

28 mai

Transaction en cours

Slow but steady progress toward the goal