$ETH
š Ethereumās Next Move: Opportunity or Trap? Stay Sharp! ā ļø
Hey friends!
The price is stuck in a channel (yellow lines) and looks like itās getting ready for a breakout. Let me explain it step by step for easy understanding! š
Whatās Happening?
Falling Channel:
ETH is moving inside two yellow lines (a falling channel).
Itās now near the bottom, which is a key support area.
Key Levels:
Support Levels (blue lines): $3,044 and $3,004.
Resistance Levels (red lines): $3,215 and $3,455.
Possible Moves:
Bullish (Price Goes Up):
If ETH breaks above the channel, the target could be around $3,455 or even higher at $3,500.
TP 1- 3214
TP 2 - 3343
TP 3 - 3450
Bearish (Price Falls):
If ETH drops below $3,044, it might test $3,004 or lower.
What Should You Do?
Watch the breakout: If ETH breaks above the yellow lines, itās a good sign for buyers.
Set a Stop Loss: Always protect your trades.
Be patient: Let the price confirm its direction before entering.
This is a good time to stay alert, friends. Will ETH break up or down? Let me know your thoughts! š