ETH/USD Bulls Eyeing Breakthrough: Potential Gains Ahead!
Hello Everyone,
The current ETH/USD situation places it in proximity to a significant monthly resistance level at 2502.313 and close to the weekly Pivot Point at 2487.897. There is a strong possibility of a retest of the monthly Pivot Point at 2258.437. A decisive establishment below 2487.897 could signal a higher likelihood of testing the 1M Pivot Point at 2258.437. Crossing and maintaining a position below the 1M Pivot Point may lead to an further testing of the monthly support structure. It is advisable to observe the market and wait for developments, especially for those with a bullish view. The trend analysis indicates a bullish outlook on the 1D-1Y timeframe, while the 1m-1h timeframes show a bearish trend, except for the 4h timeframe, which is neutral and slightly leaning towards a bullish perspective.
If you have a moment, I'd really appreciate your boost for my analysis. Your input would be truly valuable.
TradeWithTheTrend3344
The current ETH/USD situation places it in proximity to a significant monthly resistance level at 2502.313 and close to the weekly Pivot Point at 2487.897. There is a strong possibility of a retest of the monthly Pivot Point at 2258.437. A decisive establishment below 2487.897 could signal a higher likelihood of testing the 1M Pivot Point at 2258.437. Crossing and maintaining a position below the 1M Pivot Point may lead to an further testing of the monthly support structure. It is advisable to observe the market and wait for developments, especially for those with a bullish view. The trend analysis indicates a bullish outlook on the 1D-1Y timeframe, while the 1m-1h timeframes show a bearish trend, except for the 4h timeframe, which is neutral and slightly leaning towards a bullish perspective.
If you have a moment, I'd really appreciate your boost for my analysis. Your input would be truly valuable.
TradeWithTheTrend3344