Hey there, Binance Square family! 👋 Let's dive into some exciting technical analysis on ETHUSDT.
What's Poppin'?
As you can see on the chart, ETHUSDT is currently hovering around the significant psychological level of 4000. 🧐 This zone has been a major area of resistance in the past, with the price testing and rejecting it a couple of weeks ago.
What to Watch For:
* Breakout or Pullback: We're at a critical juncture. The price could either pull back from this resistance zone or potentially break through on its third attempt. 🎯
* Support and Trendline: I expect the price to find support at the lower trendline and bounce back upwards. 📈
* Resistance Target: If we do break out, the next resistance zone to watch is around 4300.
If you have any questions or want to discuss this further, feel free to drop a comment below. 💬
Disclaimer: This is not financial advice. Please do your own research before making any investment decisions.
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