Ethereum (ETH) Consolidation Continues, Potential Breakout Ahead
Current Situation:
Ethereum's daily chart remains unchanged as the price consolidates within its current range. The longer this consolidation continues, the larger the anticipated breakout could be.
Trade Position:
Currently positioned long on ETH, but traders should be cautious of a potential stop-hunt that might trigger a flush to the downside before the significant move occurs.
Key Level to Watch:
Support Level: $2,350 – This is the critical area to monitor if a downside flush happens.
Stay vigilant and prepared for potential volatility as the consolidation phase unfolds.
#Ethereum #ETH #Crypto #MarketAnalysis #TechnicalAnalysis #Cryptocurrency #Consolidation #SupportAndResistance #Breakout #Volatility
Ethereum's daily chart remains unchanged as the price consolidates within its current range. The longer this consolidation continues, the larger the anticipated breakout could be.
Trade Position:
Currently positioned long on ETH, but traders should be cautious of a potential stop-hunt that might trigger a flush to the downside before the significant move occurs.
Key Level to Watch:
Support Level: $2,350 – This is the critical area to monitor if a downside flush happens.
Stay vigilant and prepared for potential volatility as the consolidation phase unfolds.
#Ethereum #ETH #Crypto #MarketAnalysis #TechnicalAnalysis #Cryptocurrency #Consolidation #SupportAndResistance #Breakout #Volatility
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