#Ethereum price After reaching the support level of 2870-3030 dollars, the price of Ethereum grew by more than 30% and broke the dynamic resistance, but it has not yet been able to break the main resistance level, which is in the area of $3900-$4110 .
The probability of the price returning to the level of demand and important support is indicated in the chart. The buyers may want to buy again in that area.
The probability of the price returning to the level of demand and important support is indicated in the chart. The buyers may want to buy again in that area.
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#Ethereum🔹 again reached the resistance of $3900-4110 but could not cross it.
In the higher time frame, the price has actually reached the ceiling of an ascending channel and the probability of falling to the support level of $2870 - $3030 is high. This level is an area of strong demand.
The price may move between support and resistance levels for a while, although the general trend is upward, but corrections should not be ignored.
We carefully and continuously monitor the price movements and will inform you about the latest changes.
In the higher time frame, the price has actually reached the ceiling of an ascending channel and the probability of falling to the support level of $2870 - $3030 is high. This level is an area of strong demand.
The price may move between support and resistance levels for a while, although the general trend is upward, but corrections should not be ignored.
We carefully and continuously monitor the price movements and will inform you about the latest changes.
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#Ethereum⚪️ has performed better than Bitcoin in the last two weeks.
Now the price is moving in the channel of an ascending flag pattern, these fluctuations can be considered to correct the upward step that the price has already done, so the trend is still upward.
Seeing the change from green to red candles, I am assuming that the market is witnessing a period of uncertainty and doubt.
If Ethereum moves to hit a new high vs late May, we can consider higher prices because the chart structure changed.
As long as the May high holds as resistance, we continue aiming lower.
Now the price is moving in the channel of an ascending flag pattern, these fluctuations can be considered to correct the upward step that the price has already done, so the trend is still upward.
Seeing the change from green to red candles, I am assuming that the market is witnessing a period of uncertainty and doubt.
If Ethereum moves to hit a new high vs late May, we can consider higher prices because the chart structure changed.
As long as the May high holds as resistance, we continue aiming lower.
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#Ethereum🔹 has returned to its main demand level, maintaining the level of 2870-3030 dollars in the 4-hour period is a sign of the continuation of the upward trend.
The reform process has intensified. The price moves in the ascending channel on daily timeframe, and the probability of the price returning to the floor and the area of $1900-$2120 is high.
When the price drop becomes intense, fear dominates the market, and many whales take advantage of the opportunity and invest in safe currencies.
The reform process has intensified. The price moves in the ascending channel on daily timeframe, and the probability of the price returning to the floor and the area of $1900-$2120 is high.
When the price drop becomes intense, fear dominates the market, and many whales take advantage of the opportunity and invest in safe currencies.
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#Ethereum has again formed a similar pattern before climbing to $4,000.
The price recently broke out of the downward resistance and tested it again. So now the chance of another strong upside step to test the important resistance level of $3900-4000 is very high.
Now the price is facing surface resistance in the area of $3500, so both the upward scenario to the resistance level and the scenario of the price falling again to the support level of $3030 are significant.
The price recently broke out of the downward resistance and tested it again. So now the chance of another strong upside step to test the important resistance level of $3900-4000 is very high.
Now the price is facing surface resistance in the area of $3500, so both the upward scenario to the resistance level and the scenario of the price falling again to the support level of $3030 are significant.
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An ascending harmonic pattern has formed in the #Ethereum price chart in the time frame of the hole.
Finally, after a lot of resistance, the price dropped more than 25% from the support level of $2870-3030 and reached the bottom of the ascending channel.
Maintaining the current level is very important for the price because it is both the bottom of the ascending channel and the important demand level, if the price loses the current position it may fall to $1530.
The main scenario for now is price relaxation and reduced volatility.
Finally, after a lot of resistance, the price dropped more than 25% from the support level of $2870-3030 and reached the bottom of the ascending channel.
Maintaining the current level is very important for the price because it is both the bottom of the ascending channel and the important demand level, if the price loses the current position it may fall to $1530.
The main scenario for now is price relaxation and reduced volatility.
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#Ethereum has so far moved well according to the previous scenario, the price reaching the bottom of the ascending channel, the support level of $1900-$2120, and the formation of a strong ascending harmonic pattern. All these factors and general market conditions caused the price to experience a return of about 20%.
If the price can easily cross the resistance of 2870.00-3030.00 dollars, it can grow to the ceiling of the channel and achieve the goal of ascending harmonic patterns.
If the price can easily cross the resistance of 2870.00-3030.00 dollars, it can grow to the ceiling of the channel and achieve the goal of ascending harmonic patterns.
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#Ethereum 🔹 is in a good upward position and we have to wait for breaking the trend line,
After breaking the trend line it can enter a long position and the targets are 2752.17 - 3097.81 - 3436.09
After breaking the trend line it can enter a long position and the targets are 2752.17 - 3097.81 - 3436.09
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#Ethereum exchange supply dropped over 1M ETH (5.5%) in the past month, signaling strong accumulation.
This sharp outflow suggests investors are moving ETH to cold storage, reducing sell pressure.
The trend reflects growing bullish sentiment and long-term confidence in ETH.
This sharp outflow suggests investors are moving ETH to cold storage, reducing sell pressure.
The trend reflects growing bullish sentiment and long-term confidence in ETH.
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