P_S_trade

ETHEREUM ETH price potential for growth near 40%

Long
WHITEBIT:ETHUSDT   Ethereum / Tether US
The ETHUSDT price is behaving quite technically.
During the last month of trading, Ethereum buyers did not allow the price to fall below $1250 while retesting the strong liquidity zone from above.
This is a good signal of serious intentions and strength of buyers, and accordingly, a signal of possible future growth.

Today, ETHUSD broke through the first local trend line and is trying to consolidate above it.
A set of ETHUSDT longs from $1400-1450 is now justified and looks safer.

The potential for growth is in the area of $2000-2100. In our opinion, it will be difficult for Ether price to break above $2000-2100 the first time.
After all, $2000-2100 is a strong liquidity zone, which in 2021 has repeatedly acted as support, and in 2022 - as resistance from above. There is also a trend line in this range, which is the main resistance of sellers and indicates a downtrend for a year since November 2021.
_____________________
Did you like our analysis? Leave a comment, like, and follow to get more

You can buy WBT token here 👇
- https://bit.ly/3DwPCKk 🔥

💲Copy trading:💲
🔥BINANCE - https://cutt.ly/gN2rb9S
🔥Bybit - https://cutt.ly/MN2rPPM

❗️❗️❗️Telegram: https://cutt.ly/3N2rB4K

🔥We will make a video soon: https://cutt.ly/J02cNFC 🔥

Related Ideas

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.