$ETH /USDT Market Update (4H)
Ethereum is showing a bullish market structure after a strong rebound from the recent lows. Price remains above the 25 MA and 99 MA, signaling that the medium-term trend is still positive. However, ETH is facing resistance around the $1,955ā1,982 zone, where sellers have stepped in. A clean breakout above this resistance could trigger the next leg higher, while holding above $1,920 keeps the bullish outlook intact.
Market Sentiment: š¢ Bullish
#ETH #Ethereum #BrentCrudeFallsAbout6% # #CryptoTrading #Ethereum2024 # #bullish_pepe # #TechnicalAnalysis_Tickeron
Ethereum is showing a bullish market structure after a strong rebound from the recent lows. Price remains above the 25 MA and 99 MA, signaling that the medium-term trend is still positive. However, ETH is facing resistance around the $1,955ā1,982 zone, where sellers have stepped in. A clean breakout above this resistance could trigger the next leg higher, while holding above $1,920 keeps the bullish outlook intact.
Market Sentiment: š¢ Bullish
#ETH #Ethereum #BrentCrudeFallsAbout6% # #CryptoTrading #Ethereum2024 # #bullish_pepe # #TechnicalAnalysis_Tickeron