HelenP. I Ethereum can reach resistance level and try break it

31 thg 12, 2023

Hi folks today I'm prepared for you Ethereum analytics. Some time ago price rebounded from the trend line and started to trades in an upward channel, where it soon rose to the support level, which coincided with the support zone. In a short time, ETH broke this level, made correction, and later continued to move up. Then price rose to the 2335 resistance level, which coincided with the resistance zone, but at once rebounded and declined until to 2200 support level, thereby exiting from the channel and breaking the trend line. After this movement, Ethereum rebounded from the support level and made a strong impulse up to the resistance zone, breaking the 2335 and 2200 levels and trend line too. After this movement, the price rose a little more, but then it rolled down to the 2335 resistance level and in a short time broke this level and declined to the trend line. At the moment, ETH continues to trades near this line, and I expect that price can rise to a resistance level and try to break it. After the breakout, Ethereum can make a retest and then it will continue to move up. That's why I set two targets, the first target at the 2335 resistance level and the second - at the 2400 level. If you like my analytics you may support me with your like/comment ❤️