Ethereum

<ul><li>Ethereum is consolidating between $3,475 and $3,650, with traders eyeing a breakout above $3,650.</li><li>CryptoJack suggests a strong ETH surge if the price breaks above the key resistance level of $3,650.</li><li>Market sentiment remains neutral, with the RSI at 44.30, indicating room for significant price movement.</li></ul>Ethereum (ETH) is currently in a consolidation phase, with traders keenly observing the key levels for a potential breakout. According to a recent X post by <a href="https://x.com/cryptojack/status/1803993819425202399" rel="noopener noreferrer nofollow">CryptoJack</a>, a crypto analyst, ETH is forming a range. The analyst is waiting for a breakout above $3,650 before entering a significant long position. This insight aligns with recent chart analysis, highlighting critical support and resistance levels that could dictate Ethereum&#39;s next move.Recent trading data shows that <a href="https://cryptotale.org/ethereum-consolidation-pattern-points-to-potential-price-breakout/" rel="noopener noreferrer nofollow">Ethereum</a> is navigating a narrow range between $3,475 and $3,650. This range formation suggests that the price is gearing up for a decisive move. On the one-hour chart, ETH shows significant support at around $3,475, providing a strong foundation for potential upward momentum. Conversely, the resistance level at $3,650 is a crucial barrier that ETH needs to surpass to confirm a bullish trend.<a href="https://cryptotale.org/ethereum-price-set-for-breakout-key-levels-to-watch/" rel="noopener noreferrer nofollow">Read more on CryptoTale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Ethereum Price Set for Breakout: Key Levels to Watch

CryptoTale

Інші статті, опубліковані 21 черв. 2024 р.

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