Ethereum (ETH) Price Analysis, Will the Price Secure $4000 Until the Weekly Close?

The second-largest crypto was trading between $3380 to $2400 ever since the beginning of 2022. After flipping the bottom at $2500 the ETH price maintained a significant uptrend and registered constant healthy green candles. However, since the asset reached crucial levels around $3384, it began consolidating with equal participation of the bulls and the bears. And hence the monthly close may be extremely important for the asset to start the Q2 trade on a bullish note. 

aZ2uwCUkFxHdWdNV8n9YNPSqmKa0681IeV3PZCNWT209bh86BGuRpVZ2yuv8pFZ5ejm8t7mfPo4lXi6S0pfXwI3hPnxOHMvRMBZYnE fbJCjKkbI3nmjmdweM0UwBZeViHcPLgG2

In the larger time frame, Ethereum may encounter a bullish breakout from a symmetrical triangle and above $3000 resistance signalled a trend reversal then. However, the price maintained a similar trend ahead and test the upper resistance close to $3500 at the earliest. Here a significant upturned may be validated that may uplift the price above the crucial resistance of $3625. Hence a significant target of $3500 would be imminent to close the weekly trade. 

To be Updated!

Was this writing helpful?

This post was originally published on this site

Article by

Related

Hot this week

Latest