🔍 Analysis of the current situation:
The chart shows that $ETH has been in an ascending triangle since the beginning of 2024.
The price fluctuates within the triangle, approaching the upper resistance line.
Trading volume remains relatively stable, which could indicate a period of consolidation before a major move.
📊 Key levels:
Support level: $3,400
Resistance level: $4,000
Consolidation zone: $3,600 - $3,800
📈 Forecast:
If the price breaks the upper border of the triangle and consolidates above $4,000, a significant increase to $4,500 and above is possible.
If the support of $3,400 is broken, a decline to $3,200 or lower is possible.
📉 Risks:
Continuation of fluctuations within the triangle without a clear direction.
External factors, such as regulatory changes or major market events, may affect price movements.
📬 Recommendations:
Consider buying on confirmation of a break of the $4,000 resistance level.
Set a stop loss below the $3,400 support level to minimize losses.
🔔 Conclusion:
Ethereum is at an important level. A triangle breakout can lead to significant price movement. Be careful and keep an eye on key levels.
🚀🚀🚀 #cryptousdua #eth
