FenzoFx—Ethereum rebounded from the previous day's low, now trading near $3,639.0. This level contains an order block that triggered bearish reactions earlier this week.
The trend remains bullish as price holds above the VWAP from July 1st. A close above $3,724.0 is needed to confirm continuation.
If bullish momentum holds, ETH may target $3,818.0 and $3,941.0. However, a drop below $3,546.0 would invalidate the bullish outlook. In that case, ETH/USD could revisit $3,410.0 and $3,354.0.
The trend remains bullish as price holds above the VWAP from July 1st. A close above $3,724.0 is needed to confirm continuation.
If bullish momentum holds, ETH may target $3,818.0 and $3,941.0. However, a drop below $3,546.0 would invalidate the bullish outlook. In that case, ETH/USD could revisit $3,410.0 and $3,354.0.
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Knowledge Should Be Free – And So Is Your Path to Trading Success.
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.