ETHEREUM → Readiness for realization ↑ Target 3300

24 août 2024

ETHUSD ETH is consolidating in front of strong resistance. Bulls do not let the price down beyond 0.5 fibo. amid Friday's news, the cryptocurrency market is reviving and ETH has high chances to pass through 2800.



A false breakout of the resistance of the range is formed, but instead of falling, the coin is consolidating, which is generally one of the pre-breakout nuances. Technically, it would be an ideal condition for me to wait for a prolonged consolidation near 2780-2800 followed by a price advance towards the zone with a breakout target. The liquidation that took place earlier rid the market of an unnecessary part of speculators, after which the whales went into an active accumulation phase, now ETH shows positive preconditions of readiness to go to the intermediate high and resistance of the global range.

Support levels: 2717, 0.5 fibo
Resistance levels: 2780, 2817

The market is bullish, as evidenced by some indicators, technical indicators on the chart, as well as the fundamental background. Accordingly, in the mid-term I expect the price to come out of the consolidation 2780 - 2550 and most likely this exit will be accompanied by a breakout of resistance and growth to 3300.

Rate, share your opinion and questions, let's discuss what's going on with ★ ETHUSD ;)

Regards R. Linda!

24 août 2024

Note

Consolidation near the level continues

25 août 2024

Transaction en cours

26 août 2024

Transaction en cours

Consolidation near the level continues

27 août 2024

Transaction en cours

It's worth looking at the 2610