Looking at the D1 interval, the price reached another target today - the level of $3,675, which results from previous price reactions. If the upward movement continues, an attack on resistance in the $4,000 region, i.e., historical highs, cannot be ruled out. On the other hand, in the event of a pullback, the nearest support will be the $3,400 level, which previously acted as resistance. For now, however, there are no supply signals on the chart.
Ethereum D1 interval. Source: xStation5
As for the lower time interval - H1, we are dealing with a strong upward trend. The price has made several corrections of the same range (marked with green rectangles), which, according to the Overbalance methodology, indicates a continuation of the trend. Therefore, it seems that as long as the 1:1 geometry is not negated, a further increase is possible. Even if the price falls below the 1:1 pattern, the EMA100 average, marked with a blue line in the chart below, will be a noteworthy support level.
Ethereum H1 interval. Source: xStation5
US Open: Wall Street Rebounds Supported by the Technology Sector
Is Japanese "Carry Trade" under threat?
Defense stocks under pressure; markets await outcome of talks in Moscow 🏛️
DE40: DAX gains on Tuesday 📈 Bayer surges 10% on unexpected US administration support
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
