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ETH is currently trading within a falling wedge pattern, which can be a bullish reversal signal. There's support around $3420-$3480, which could act as a springboard for a price increase.
Here's what we're watching:
Breakout confirmation: A clean break and close above the upper trendline of the wedge is crucial for a potential trend reversal.
Upside potential: If the breakout is confirmed, we could see a significant price increase.
Invalidation:- 4hr candle close below $3400 level.
Let me know your thoughts in the comments below!
If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated!
ETH is currently trading within a falling wedge pattern, which can be a bullish reversal signal. There's support around $3420-$3480, which could act as a springboard for a price increase.
Here's what we're watching:
Breakout confirmation: A clean break and close above the upper trendline of the wedge is crucial for a potential trend reversal.
Upside potential: If the breakout is confirmed, we could see a significant price increase.
Invalidation:- 4hr candle close below $3400 level.
Let me know your thoughts in the comments below!
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ETH tracking our analysis!
ETH is currently holding the support zone we previously identified around $3420-$3480 and attempting to break out of the falling wedge pattern. This pattern can be a bullish reversal signal, but a confirmed breakout is key.
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これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。