Ethereum has conclusively breached the major resistance of the descending trendline we previously identified on the weekly timeframe. The price has since retested this former resistance level twice, which has now held firm, confirming its new role as support. This successful conversion of resistance into support signifies a robust bullish shift in market structure. Consequently, the asset demonstrates strong momentum, indicating a high potential for a sustained and significant upward trend.
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My telegram channel:
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VIP Channels:
Forex:+400Pips & Crypto +420% monthly profit at VIP.
check pinned messages in my telegram channel for more info.
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.