Lokesh Gupta
29-01-2024
Ethereum is currently in the process of initiating a recovery wave, targeting a move above the crucial $2,160 zone.
Following the establishment of a support base, Ethereum price has commenced a recovery, surpassing the resistance at $2,220.
Similar to Bitcoin, #Ethereum has successfully cleared the $2,240 resistance, positioning itself in a short-term bullish zone.
The key determinant for #ETH bullish momentum lies in its ability to clear the $2,300 resistance zone.
On the daily chart, ETH Price experienced a false breakout but has since resumed trading within a Broadening Channel Pattern.
A crucial question arises regarding Ethereum's ability to maintain the Broadening Channel Pattern and potentially ascend towards the upper boundary.
Coingabbar analysis anticipates Ethereum #priceprediction 2030 reaching approximately $10,000.
KEY LEVELS :
RESISTANCE LEVEL : $2,320-$2,380
SUPPORT LEVEL : $2,230-$2,170
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
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