Ethereum (ETH/USD) is showing bullish momentum on the 2H chart, with price targeting the 4,197 level after breaking above the channel. Key supports are at 4,048 and 3,954.
Trade closed: target reached
Ethereum (ETH/USD) has shown strong bullish momentum on the 2-hour chart, breaking above the 4,197 level and successfully reaching the target zone. The price action indicates that buyers are in control, pushing the market close to the 4,272 level.If the price sustains above this zone, the next resistance could be in the 4,300 – 4,350 range. While the overall trend remains bullish, short-term pullbacks are possible, so proper risk management is essential.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.