๐ง๐ต๐ฒ ๐ฏ๐ถ๐ด $ETH ๐๐ฝ๐ฑ๐ฎ๐๐ฒ ๐๐ต๐ฎ๐ ๐๐ผ๐ ๐ผ๐ป๐น๐ ๐ป๐ฒ๐ฒ๐ฑ
๐ข๐๐๐๐๐ฃ๐๐๐๐ก ๐๐ฃ๐๐ก๐ฎ๐จ๐๐จ
Ethereum (ETH) has already broken the trend line resistance, but it might retest this level before the next leg up. In the shorter time frame, ETH is moving within an upward parallel channel, and the volume remains consistently steady. If this movement continues, the next target could be between $3700 and $4000. However, we have resistance at $3530; if ETH gets rejected at this level, we could see it drop to the $3100-$3300 range.
๐ด๐๐ช๐ฃ๐๐๐ข๐๐ฃ๐ฉ๐๐ก ๐๐ฃ๐๐ก๐ฎ๐จ๐๐จ
1. The upcoming ETH ETF launch on July 23rd.
2. Deribit Exchange is rolling out early BTC and ETH options for the 2024 US election.
3. Google Trends shows Ethereum interest rising rapidly as the ETF launch approaches.
The upcoming weeks are expected to be very volatile for ETH. My suggestion is to trade safely in Layer 2 tokens
