Hello everyone welcome you all to this exclusive ETH4hr chart update.
If you find my updates helpful and productive, hit the like button follow and comment your view in the comment section, this motivates me to bring this kind of update regularly.
Let’s look into the chart,
As ETH is currently trading at the price level of $1700 after a sharp regain of 305 from the price level of $1360.
In the current frame, ETH got rejected from the upper trend line resistance of this channel pattern and currently trading on a green support zone.
From the current level, a bounce is likely above the upper trend line resistance to break above to rally towards its upper higher levels.
ETH needs to sustain this level to rally above the candle close below the green support zone will again lead ETH towards lower trend line support at the price level of $1500.
Let’s see how it goes in upcoming hours and whether ETH be able to break above this trend or not.
NOTE: If you find this update helpful, hit the like button and follow for this kind of regular update.
If you have anything to ask about this analysis you can ask in the comment section.
This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR RESEARCH BEFORE MAKING ANY TRADES.
Thank you.
If you find my updates helpful and productive, hit the like button follow and comment your view in the comment section, this motivates me to bring this kind of update regularly.
Let’s look into the chart,
As ETH is currently trading at the price level of $1700 after a sharp regain of 305 from the price level of $1360.
In the current frame, ETH got rejected from the upper trend line resistance of this channel pattern and currently trading on a green support zone.
From the current level, a bounce is likely above the upper trend line resistance to break above to rally towards its upper higher levels.
ETH needs to sustain this level to rally above the candle close below the green support zone will again lead ETH towards lower trend line support at the price level of $1500.
Let’s see how it goes in upcoming hours and whether ETH be able to break above this trend or not.
NOTE: If you find this update helpful, hit the like button and follow for this kind of regular update.
If you have anything to ask about this analysis you can ask in the comment section.
This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR RESEARCH BEFORE MAKING ANY TRADES.
Thank you.
