Lokesh Gupta
03-01-2024
According to Coingabbar Technical Analysis, On the daily chart, ETH resides within the trendline of an ascending parallel channel.
From Oct 2023, ETH is trading above 50 Day EMA.
On the 4-hour chart, Ethereum Price is at a Tipping Point.
ETH started a fresh surge above the $2400 level but failed to cross $2450 and fell back.
On the 4-hour chart, ETH is facing major resistance from the $2450 level.
Yesterday on the daily chart, ETH has formed a Long Upper Shadow indicating that bears are active near the high.
Ethereum aims for an upside break above the $2,450 resistance, potentially rallying akin to Bitcoin with a close above $2,500
KEY LEVELS :
RESISTANCE LEVEL : $2,410-$2,450
SUPPORT LEVEL : $2,350-$2,300
Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.
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.
5 months ago
Good Sharing
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