ETHUSDT has recently shown impressive bullish momentum, breaking out of a prolonged descending channel. Currently trading around $3,171, Ethereum has surged past key resistance levels, signaling a potential continuation of its upward trajectory.
The breakout from the descending channel suggests a bullish reversal, with a likely target near the $3,550 mark (highlighted in the green area). This target aligns with the upper boundary of the channel and represents a major resistance level.
Technical indicators and moving averages support this bullish outlook, as Ethereum gains strength above its moving averages. Traders looking for long positions may consider buying on any minor pullbacks toward $3,000, aiming for a target of $3,550.
The breakout from the descending channel suggests a bullish reversal, with a likely target near the $3,550 mark (highlighted in the green area). This target aligns with the upper boundary of the channel and represents a major resistance level.
Technical indicators and moving averages support this bullish outlook, as Ethereum gains strength above its moving averages. Traders looking for long positions may consider buying on any minor pullbacks toward $3,000, aiming for a target of $3,550.
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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.