Ethereum Stuck in Intraday Range

15 thg 12, 2024

Ethereum is currently trading within an intraday range, characterized by slow and choppy price action.

1. A bearish dip followed by a bullish rejection at $3,725, aligning with the ascending trendline, could push Ethereum's price toward $4,003 (indicated by the green dashed projection).
   
2. A bullish breakout above $4,003, accompanied by sustained price action at this level, may lead to an extension toward $4,277 (indicated by the green solid projection).
   
3. A bearish move below $3,725 is likely to accelerate momentum toward the $3,402–$3,451 support zone (indicated by the red solid projection).