Ethereum $ETH at a crossroads.. Are we seeing a price explosion? 🔥
Dear crypto community, the weekly Ethereum chart (1W) tells a very important story right now! The price is touching the area of $3,041, which is a fierce resistance zone and an obstacle to significant upward movement. 📊
A quick technical glance:
Resistance: We are now "knocking on the door" at levels of $3,100. Breaking this area and closing above it with a weekly candle means the road is open upward. 🟢
Support: In case (God forbid) the price is rejected, we have a very strong wall of defense for buyers at areas of $2,500$ - $2,569.
🎯 Proposed trading plan:
Entry: It is best to wait for a clear breakout of levels of $3,100, or to "catch" the price during a correction to areas of $2,650.
Targets: $3,500$ as the first target 🚀 then $4,000$ for the patient investor.
Stop Loss: Breaking levels of $2,450$ cancels the negativity.
The RSI gives positive signals but needs volume to confirm the breakout. In your opinion.. will the whale break it this week? Share with us in the comments! 👇
#Binance #Bitcoin #ETH #Write2Earn
DYOR - Not Financial Advice
