Ethereum is trading in a bullish plane, above the previously broken resistance of the upward range, which tells us that the market is in a bullish trend phase forming a retest of support as part of a counter-trend correction.
The entire cryptocurrency market is standing still in anticipation of a bitcoin halving, which could happen in 3 days. How the market will react is unknown, there is a high probability to see a long-slide before further growth or growth at once.
Resistance levels: 3200, 3730
Support levels: 2910, 2850, Channel Border
Technically, another retest of the support is possible, but we should wait for the formation of a reversal pattern relative to the lower levels in order to catch the growth. Or we should pay attention to 3200 and wait for the formation of a pre-breakout setup and trade the breakdown of resistance.
Regards R. Linda!
Сделка активна:
Price is headed for a retest of support
Сделка активна:
The price is in the waiting phase. Consolidation between strong levels is forming
Сделка активна:
The coin is moving into the realization phase)
Сделка активна:
Consolidation above 3200 will be a good upside potential
Сделка активна:
The fight between sellers and buyers in the 3200 zone.
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🟢Free Telegram Channel:
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