Ethereum (ETH) 1H Chart: Re-testing the All-Time High?

17 ส.ค.

Strong Uptrend Channel: The price of Ethereum has been moving within a well-defined ascending channel, indicated by two parallel black trendlines. This strong channel suggests a sustained bullish momentum.

All-Time High: A significant resistance level is marked as the "all-time high" at approximately 4,785.32 USD. The price has recently tested this level.

Support Levels:

Major Support Zone: A broad support zone is identified between approximately 3,300 USD and 3,450 USD. This zone has previously acted as a strong base for a price rally.

Recent Support Zone: A smaller, more recent support zone is marked around 4,200 USD. The price has consolidated within this area after its recent push towards the all-time high.

Price Action and Projections:

The price recently reached a peak near the all-time high and has since pulled back, consolidating within the recent support zone.

A key annotation states, "if breaks then we may see further downward." This highlights the importance of the 4,200 USD support zone. A break below this level could indicate a potential deeper retracement, possibly towards the lower trendline of the channel or the major support zone.

A parabolic arc is drawn (blue line), suggesting a potential trajectory for the price to continue its move higher from the current level, with a goal of re-testing or breaking the all-time high.

Volume: The chart includes a volume indicator, showing significant volume spikes during the major rallies and drops, confirming strong market interest and participation.

23 ส.ค.

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