๐จ Ethereum Analysis Update ๐จ
Does Ethereum need to break $4200? Here's whatโs happening:
ETH recently broke the February-March small bull high at $4098, climbing to a peak of $4109 before retracing down to $3942. After this fluctuation, ETH is now testing the 1h MA30 moving average and retesting the upward trendline.
๐น Key Support Levels:
1๏ธโฃ Current support holds strong at this position.
2๏ธโฃ If ETH breaks below, watch for critical support at $3982.
๐ Daily Chart Perspective:
ETH showed increased volume yesterday, forming a bullish candlestick.
The 1-hour bullish trend remains strong.
Hunter anticipates that ETH will continue to fluctuate upwards, testing and potentially breaking the previous high!
๐ ID: 565863902
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