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  1. Home
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  3. ETHUSDT → Correction and hunt for liquidity ahead of growth

ETHUSDT → Correction and hunt for liquidity ahead of growth

Scheduled Pinned Locked Moved Trading
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  • johnblockbusterJ Offline
    johnblockbusterJ Offline
    johnblockbuster
    wrote on last edited by
    #1

    ETHUSD is showing positive dynamics and breaking through the resistance conglomerate (consolidation boundary and downward correction line). The fundamental background is positive, and bulls are generally quite confident...
    bLS8ge3V.png

    The cryptocurrency market, Bitcoin, and altcoins are awaiting a batch of positive news. Traders are waiting for interest rates to fall, which could attract additional capital to the cryptocurrency market, especially ETH.
    The breakout of the correction resistance and consolidation resistance gives the market hope for growth. The global trend is bullish, and the fundamental background is positive. If the bulls hold their defense above 4488-4450, ETH may strengthen.

    Resistance levels: 4661, 4783
    Support levels: 4488, 4450

    Technically, I expect a false breakdown of support (retest of the liquidity zone). If this maneuver ends with the price closing above 4488 and the formation of a confirming bullish pattern, then in this case, we can consider the continuation of growth.

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