$ETH – Bullish Continuation or Reversal? Eyes on Key Resistance
ETH is currently facing resistance at $4,470, forming a potential breakout point in an ascending triangle pattern. Price action shows a recent higher low, which suggests bullish continuation, but the RSI is showing bearish divergence, which could signal a potential reversal if price fails to break the resistance.
If
$ETH breaks above $4,470, the next target could be $4,750. However, if the resistance holds, a pullback to support levels might occur, potentially testing the $4,350 level.
📈 Target Levels:
Immediate resistance: $4,470
Next target: $4,750
Support: $4,350
Traders should monitor price action closely around $4,470 and watch for signs of bullish or bearish momentum.
5
28
3
3
1
1