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Usman Abaidullah
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Bullish
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The market is down for quite a while, Now with the rise of
$NEIRO
coin it is predicted that if last resistance is broken as show in picture than it will reach more than 0.00125.
#NeiroOnBinance
#Neiroisrising
$ETH
is also expected to rise
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.
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Neiro Technical Analysis
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Neiro Technical Analysis
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Neiro Technical Analysis
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ETH Technical Analysis
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In this updated chart, The highlighted potential price zones and illustrated a projected path for $ETH /USDT. Here’s an analysis based on the new visual cues: 1. Resistance and Support Levels: Resistance Zone (Red Box): Around $3,466, marking a key level where the price has faced selling pressure in the past. Support Zone (Green Box): Around $2,111, which has previously acted as a strong support level where buying interest picked up. 2. Current Price and Momentum: ETH has risen to $3,026.60, up by 4.17%, indicating a positive trend. The price is now testing the $2,738.92 resistance level, which, if broken, may lead to further upside movement. 3. Moving Averages (MA): MA(7) = $2,697.74 and MA(25) = $2,612.36 are both below the current price, indicating short- and medium-term bullish momentum. MA(99) = $2,542.37 is also below, showing that ETH has reclaimed its longer-term trend, which may strengthen bullish sentiment. 4. Projected Path (Orange Line): Your orange line suggests a potential pattern of consolidation or slight pullback before another breakout attempt toward the $3,466 level. This projection aligns with ETH retesting lower resistance levels for support and then possibly breaking through to reach higher levels. Future Analysis: Bullish Scenario: If ETH can break above the $3,466 resistance zone, it could rally toward the previous highs near $4,093. Maintaining above the $2,738.92 support level will be crucial for this momentum. Bearish Scenario: Failure to sustain above $2,738.92 could lead to a retest of the $2,111 support. A break below this level would likely signal further downside. The current setup looks promising for a bullish continuation, especially if ETH maintains strength above the short-term moving averages and key support levels. #CryptoNewss #CryptoNewsCommunity #ANALYSIS #ETHETFsApproved #10MTradersLeague
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