ETHUSDT
is currently consolidating above the psychological level at 3500, having bounced off that level after taking liquidity below it. The price is also trading above a trendline that has been respected multiple times, indicating ongoing bullish sentiment. On the weekly timeframe, the price is approaching a global trendline, and there is potential for the market to break above this trendline, which could trigger a significant surge toward the 4000 resistance zone. It’s likely that the market may consolidate below the 3900 level before eventually breaking through, allowing for a continuation of the upward momentum. My goal is resistance zone around 3880.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻.
Trade at your own Risk 👍
Best Regards, Trade Cryptocurrency
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