BINANCE:ETHUSD in the bullrun phase reaches the 4000 mark. There is not much left to ATH. On the hourly chart, there are preconditions that a large volume is being purchased in the coin in order to strengthen the price. When will we reach ATH?
After reaching $4000, a correction is formed and the price tests local support areas. Two scenarios are possible at this point:
False breakdown of 3981.75 followed by price consolidation above the level and growth to 4150-4450.
A deeper correction, but the probability is much lower, as buying liquidity may not let the price go that far. Still. A break of 3981 and price consolidation below this area will give us a correction to more favorable buying zones. A retest of 3825, 3725 could resume the rise to 4000-4450
Resistance levels: 4085, 4150 Support levels: 3981, 3825, 3725
I expect the growth to continue, but after correction. The correction may be fast or deep, but the target is still 4450 - 4850 (ATH)
Consolidation above a key level. Consolidation above 4066 may trigger further growth A false break of support is also possible
Trade active
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Similarly, as before. Corrections and liquidations give whales points where to buy at more favorable prices. The potential for further upside is being gained. A breakout and consolidation above 4000 will give the potential for further gains
@RLinda, ETH still looks very strong. I'm still bracing for liquidity collection before further trend continuation but it seems there is not much of it below 3900.
StonciusV
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On of the few that charts on price levels, not some funky indicators! Way to go and keep it up. Level is stronger when numbers are round. Similar to 3500 and 4000. We have very similar action at these levels.