Ethereum is currently retesting a key ascending trendline that has acted as strong support since early summer. The price recently dipped into the $3,400–$3,600 demand zone, showing signs of buyer strength and potential reversal.
If the trendline holds, we could see ETH push toward the next resistance levels at $4,400, $4,800, and potentially $5,000 in the coming weeks.
A daily close below the $3,400 support zone would invalidate this bullish setup and could signal a deeper correction.
📈 Targets:
TP1: $4,400
TP2: $4,800
TP3: $5,000
🛑 Stop Loss:
Below $3,350
ETH remains in a long-term uptrend structure. The current pullback provides a possible entry opportunity if support holds, offering an attractive risk-to-reward setup.
If the trendline holds, we could see ETH push toward the next resistance levels at $4,400, $4,800, and potentially $5,000 in the coming weeks.
A daily close below the $3,400 support zone would invalidate this bullish setup and could signal a deeper correction.
📈 Targets:
TP1: $4,400
TP2: $4,800
TP3: $5,000
🛑 Stop Loss:
Below $3,350
ETH remains in a long-term uptrend structure. The current pullback provides a possible entry opportunity if support holds, offering an attractive risk-to-reward setup.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.