Ethereum's Path Ahead: Consolidation or New Highs?
Ethereum (ETH) recently broke out of its prolonged consolidation phase, currently trading above $3,100, reflecting significant bullish momentum. After reaching its recent peak, ETH appears to be stabilizing near the $3,050 support level, hinting at a possible continuation of its upward trend.
Technical indicators suggest that Ethereum is forming a potential accumulation phase around its current levels. A break above $3,150 could open the door for a retest of higher resistance levels, possibly targeting $3,300 or beyond. Conversely, failure to maintain support near $3,050 might lead to a short-term pullback, bringing prices closer to $2,900.
Traders are advised to monitor key levels and volume activity closely, as the next breakout could define Ethereum’s trajectory in the coming weeks.
Technical indicators suggest that Ethereum is forming a potential accumulation phase around its current levels. A break above $3,150 could open the door for a retest of higher resistance levels, possibly targeting $3,300 or beyond. Conversely, failure to maintain support near $3,050 might lead to a short-term pullback, bringing prices closer to $2,900.
Traders are advised to monitor key levels and volume activity closely, as the next breakout could define Ethereum’s trajectory in the coming weeks.
Publications connexes
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.