ETH/USDT ANALYSIS

13-Dec-2023

ETH goes exactly as we predicted, the price sharply rejected from the Resistance at $2,400 and reached the other end which is the Strong Support Zone. Price has already did a retest of the zone and potentially there will be another one before pushing higher. Eyes on Daily break below of the zone.

11-Dec-2023

ETH tested the support area as expected and took the liquidity from there. We will see a continuation of the uptrend towards the $2500 level now

Support Area: $2110-$2140

Resistance Area: $2500

4-Dec-2023

ETH is been also made a push with the Market pump and given a close above the strong Resistance area. Well, we can see push-in continues till the next Strong Resistance zone at $2400. In between you can see minor pullbacks, which can be a tradable opportunity.

3-Dec-2023

Finally, ETH breaks above the resistance area. We may see a test of this area before the next move. ETH is showing positive momentum and we may see a move towards the $2500 major resistance area.

1-Dec-2023

ETH is currently approaching a resistance area. If the price manages to break above this resistance, we can expect a strong upward rally. The support levels are still the same. After a clear breakthrough of the resistance area, we may consider new entry points.

28-Nov-2023

ETH has faced heavy resistance and has been rejected multiple times. A rally may occur if the price breaks above resistance. Place buy orders in the support area and wait.

First Support Area: $1735-$1760

Second Support Area: $1840-$1864

Resistance Area: $2110-$2140

See also  XRP/USDT ANALYSIS