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FirstNameHelen
Jan 4, 2024 3:39 PM

HelenP. I Ethereum can make retest and then bounce up to $2355 Long

Ethereum / TetherUSBinance

Description

Hi folks today I'm prepared for you Ethereum analytics. If we look at the chart, we can see how the price some days ago declined to the 2325 resistance level, broke it, and fell to the support zone, which coincided with the 2180 support level. After this, ETH started to trades in an upward channel, where it first rose to the resistance line, which coincided with the resistance level, and then declined until to the trend line, breaking the 2180 level. But, after this movement, the price in a short time and even later rose to the 2325 level again, but soon ETH rebounded and made a correction back. After this, Ethereum made impulse up to the resistance line, breaking the 2325 level, which coincided with the resistance zone, but the price couldn't fixed and declined below the 2325 level. The price some time traded near this level and later broke it again, after which ETH in a short time declined until to support level, thereby breaking the trend line and exiting from the upward channel. A not long time ago price rose back to the trend line, broke it, and now trades near. For my mind, Ethereum can make a retest and then continue to grow to the resistance zone, breaking the resistance level. That's why I set my target at this zone - 2355 level. If you like my analytics you may support me with your like/comment ❤️
Comments
MyCryptoParadise_Simon
Your invitation for support and feedback from the community fosters engagement and learning
Xanrox
I agree, this is possible...
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