#Ethereum Weekly Analysis:
Our $4,800 target has been hit, and
ETH is now testing the key resistance zone between $4,800–$5,000. A push above $5,000 and strong holding could open the way for further continuation, but for now, rejection looks likely. With the September rate cut news in play, this move seems more like a sell-the-news event test. Now ETH looks likely to fail at $4,000, and if it does not hold and breaks below, we could see downside toward $3,500–$2,900.
Our $4,800 target has been hit, and
ETH is now testing the key resistance zone between $4,800–$5,000. A push above $5,000 and strong holding could open the way for further continuation, but for now, rejection looks likely. With the September rate cut news in play, this move seems more like a sell-the-news event test. Now ETH looks likely to fail at $4,000, and if it does not hold and breaks below, we could see downside toward $3,500–$2,900.
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.