Technical Analysis Report Using Gann’s Grid for Ethereum
Introduction
This is a precise analysis based on Gann’s methodology, using time and price calculations to derive future targets from Ethereum’s price movements.
Current Levels Analysis
- Current Price: $3,241.22
- Key Support: $2,500
- Key Resistance: $3,800
Time and Price Calculations
1. Key Time Points:
- A significant time peak was reached at $4,868, aligning with precise time repetitions.
- The current position is heading toward an important time target at the intersection of price angles.
2. Critical Price Angles:
- The 1/1 angle aligns with $3,800.
- The 2/1 angle suggests potential support near $2,500.
3. Support and Resistance:
- The 4/1 angle indicates a secondary resistance at $3,500.
- Upon breaking the 1/1 angle, the next target lies at the 1/2 angle around $4,868.
Future Price Targets
1. First Target: $3,800 – upon breaking the initial resistance.
2. Second Target: $4,868 – retesting the previous peak.
3. Third Target: $7,500 – expected at the next major time angle intersection.
Conclusion
- Strong support at $2,500 and immediate resistance at $3,800.
- If resistance is broken, the future price targets extend up to $7,500, based on Gann’s precise angle and time calculations.
