#Ethereum Weekly Analysis:
Our $4,800 target has been hit, and
ETH is now testing the key resistance zone between $4,800–$5,000. A push above $5,000 and strong holding could open the way for further continuation, but for now, rejection looks likely. With the September rate cut news in play, this move seems more like a sell-the-news event test. Now ETH looks likely to fail at $4,000, and if it does not hold and breaks below, we could see downside toward $3,500–$2,900.
Our $4,800 target has been hit, and
ETH is now testing the key resistance zone between $4,800–$5,000. A push above $5,000 and strong holding could open the way for further continuation, but for now, rejection looks likely. With the September rate cut news in play, this move seems more like a sell-the-news event test. Now ETH looks likely to fail at $4,000, and if it does not hold and breaks below, we could see downside toward $3,500–$2,900.
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.