ETHUSDT Reestablishes Position: Target 3900 USD
Hello ETHUSDT investors and lovers!
ETHUSDT is showing positive signs in its recovery. Although there has not been any truly outstanding surge, it cannot be denied that the bulls are gradually regaining the upper hand in an impressive way.
Ethereum price is currently stable around $3600, and the narrowing of the gap between the 34 and 89 EMA is a strong signal that a bullish trend may be imminent. Along with that, the support from the price channel increases the confidence of active investors, especially when the two EMA lines and the new support level further prove the solidity of the current trend.
I predict that, before we witness a new price increase, ETHUSDT will likely have slight corrections, retesting the upward trendline to accumulate more strength. A quick test of resistance would be evidence that ETH is ready to break through and move towards new price levels. My goal is to reach $3900 in the short term. That is my personal view and goal based on current technical analysis.
How about you? Where do you see and place your trading goals in this picture? Share your thoughts and strategies to together maximize the opportunities from this vibrant cryptocurrency market!
ETHUSDT is showing positive signs in its recovery. Although there has not been any truly outstanding surge, it cannot be denied that the bulls are gradually regaining the upper hand in an impressive way.
Ethereum price is currently stable around $3600, and the narrowing of the gap between the 34 and 89 EMA is a strong signal that a bullish trend may be imminent. Along with that, the support from the price channel increases the confidence of active investors, especially when the two EMA lines and the new support level further prove the solidity of the current trend.
I predict that, before we witness a new price increase, ETHUSDT will likely have slight corrections, retesting the upward trendline to accumulate more strength. A quick test of resistance would be evidence that ETH is ready to break through and move towards new price levels. My goal is to reach $3900 in the short term. That is my personal view and goal based on current technical analysis.
How about you? Where do you see and place your trading goals in this picture? Share your thoughts and strategies to together maximize the opportunities from this vibrant cryptocurrency market!
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