A naukri.com initiative
Bitcoinist
2w
186
Image Credit: Bitcoinist
Ethereum Eyes Breakout Toward $4,204 With Key Technical Formation In Play
- Ethereum faced volatility in the crypto market, dropping below $2,500 but holds potential for a significant rally.
- A Cup and Handle pattern on the 1-week chart signals a potential bullish continuation for Ethereum.
- Analysts predict ETH could surge towards $4,204.69 if key levels are recovered.
- Crypto expert AlienOvicho suggests a buying range between $2,140 and $1,970 for Ethereum.
- If ETH fails to bounce in the suggested range, attention may shift to the $1,800 support level.
- Current price of ETH at $2,264 indicates a slight decrease with growing trading volume.
- Bearish pressure challenges Ethereum's price near $2,500, prompting a pullback close to $2,200.
- Rose Premium Signals identifies a Cup and Handle pattern on Ethereum's 1-week chart.
- The bullish chart pattern suggests a rebound for ETH and a potential rally towards higher levels.
- The $2,600 neckline region is a key level for Ethereum's price movement.
- ETH may experience a significant upward move if the Cup and Handle pattern matures.
- AlienOvicho highlights the $2,140 - $1,970 zone as a significant buying area for Ethereum.
- Market sentiment for Ethereum seems positive despite recent price fluctuations.
- ETH's trading volume has increased by over 13% in the past day.
- Buyers are eyeing a potential bounce in Ethereum's price towards the $2,300 resistance level.
- If Ethereum manages to rebound, it could challenge its previous price highs.
- In case of further decline, the $1,800 support level is seen as a crucial area for ETH's price stability.
Read Full Article
11 Likes
For uninterrupted reading, download the app