$ETH COULD BE SETTING UP FOR A BIG MOVE
ETH managed to hold the $2,550 support and finished the week around 1.66% higher.
Right now, the main range I’m watching is $2,300–$2,800. This zone has already produced three major breakouts on the weekly chart, and each breakout was followed by a strong move.
That makes $2,800 the key level to watch.
A confirmed weekly break above $2,800 could open the way toward the $3,600–$4,500 area.
Key support levels:
$2,550
$2,350
And this week, keep an eye on ISM data on Thursday. Historically, stronger ISM readings above 56 have coincided with stronger performance from $ETH and altcoins.
The setup is getting interesting.
Watch the levels, not the noise.
#BitMineETHHoldingsTop6Million
ETH managed to hold the $2,550 support and finished the week around 1.66% higher.
Right now, the main range I’m watching is $2,300–$2,800. This zone has already produced three major breakouts on the weekly chart, and each breakout was followed by a strong move.
That makes $2,800 the key level to watch.
A confirmed weekly break above $2,800 could open the way toward the $3,600–$4,500 area.
Key support levels:
$2,550
$2,350
And this week, keep an eye on ISM data on Thursday. Historically, stronger ISM readings above 56 have coincided with stronger performance from $ETH and altcoins.
The setup is getting interesting.
Watch the levels, not the noise.
#BitMineETHHoldingsTop6Million
