Ethereum 1H · $2,558.80 next ($3,000 - $3,300 before March ends)
ETHUSDT just faced a period a heightened volatility after facing resistance. The bullish trend continues to intensify as Ether moves within a rising channel.
A retrace finds support right at EMA233 and above the 0.786 Fib. extension level. The action happening above the 4-March peak price indicates strong potential for a bullish resumption and continuation.
As the bullish bias is gaining momentum, we should see an even stronger advance on this next move.
Short-term resistance is present at the last high around $2,375 but sure to break due to the fast and easy establishment of support. The higher high comes first at $2,481 followed by $2,558.80 and then higher, $2,656.67. These levels should hit easily in the coming days as part of the rising channel.
Plenty of support is available on a drop. The bulls have the upper-hand. $3,000 - $3,300 is possible before the end of the month.
Namaste.
source https://www.tradingview.com/chart/ETHUSDT/7AiFI7T4-Ethereum-1H-2-558-80-next-3-000-3-300-before-March-ends/
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