Ethereum saw a sharp rally followed by a steady climb inside a rising channel. Recently, price broke below the channel’s lower boundary, signaling potential weakness. Now, ETH is retesting the broken trendline, which could be a classic pullback scenario.
Scenario 1 – Bearish Continuation:
If ETH fails to reclaim the channel and rejects around $3,600–$3,650, selling pressure may return.
Potential targets: $3,400 → $3,250 and, in extension, $3,050.
RSI is recovering from oversold levels but still below midline, hinting at possible limited upside before another drop.
Scenario 2 – Bullish Reclaim:
A daily close above $3,650 with strong volume would invalidate the breakdown and suggest a false break.
In that case, ETH could re-enter the channel and aim for $3,850 and the upper boundary near $4,050.
Risk Management:
Bearish entry: Wait for rejection candle on retest → SL above $3,700.
Bullish entry: Wait for confirmed breakout above $3,650 with volume → SL below $3,550.
Scenario 1 – Bearish Continuation:
If ETH fails to reclaim the channel and rejects around $3,600–$3,650, selling pressure may return.
Potential targets: $3,400 → $3,250 and, in extension, $3,050.
RSI is recovering from oversold levels but still below midline, hinting at possible limited upside before another drop.
Scenario 2 – Bullish Reclaim:
A daily close above $3,650 with strong volume would invalidate the breakdown and suggest a false break.
In that case, ETH could re-enter the channel and aim for $3,850 and the upper boundary near $4,050.
Risk Management:
Bearish entry: Wait for rejection candle on retest → SL above $3,700.
Bullish entry: Wait for confirmed breakout above $3,650 with volume → SL below $3,550.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.