MonoCoinSignal

ETHEREUM (Complete Technical Analysis) ✅

BINANCE:ETHUSDT   Ethereum / TetherUS
⚪️Ethereum resumed unified uptrend from $ 3,000. Now, in order to climb further in the long run, it is necessary to overcome the resistance of $ 3,200.
ETH gained significant support around $ 2,750 and started a new uptrend. Following that, the resistance levels of $ 2,880 and $ 2,950 were broken and a hopeful atmosphere prevailed.
⚪️In the ETH / USD pair chart, the resistance of the upper bearish trend line at $ 2,925 has been broken. The price then opened the way to the $ 3,000 level and the 100-hour moving average. It went higher and crossed the $ 3,100 level.
At the moment, ETH is struggling with resistance around $ 3,175. So far, the bar has moved to the $ 3,165 level and has been slightly modified. The nearest support level is around $ 3,065; The range of the 23.6% Fibonacci retracement level has fallen from the $ 2,740 floor to the $ 3,165 ceiling.
⚪️The closest resistance level is seen above $ 3,165. We consider the first significant resistance to be slightly higher at $ 3,175. The $ 3,200 area is the first hard-to-reach area. ETH will rise to higher levels as the condyle closes and closes above this area. In this case, there is a possibility of a solid ascent to the range of $ 3,320.
⚪️But if ETH is unable to climb above the $ 3,200 resistance, there is a possibility of a bearish correction. The nearest downstream support level is near $ 3,065.
Substantial support is then expected in the $ 3,000 range and moving average; Its collapse is likely to signal the Fibonacci level of 50% as a support level. If the $ 2,950 level is lost, the ETH is likely to fall short.

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