📉 Ethereum chart review 📈
🎯 Key Levels to Watch:
• Above: 3958 / 4110 / 4631
• Below: 3676 / 3524 / 3336
🔥 ETH Liquidation Heatmap:
• Above: 3844 / 3884 / 3957
• Below: 3766 / 3750 / 3671
Ethereum has been the clear winner since last week’s breakout on the ETHBTC chart.
Now it’s entering a bearish order block left from December’s failed swing. This same zone also marks the high timeframe range top, previously tested in March, May, and December 2024.
So, ETH is approaching this level for the 4th time. Historically, that gives a high probability of a breakout, but given how much ETH has already rallied since the April dip, it may be too overbought for an immediate break.
Still, this area is crucial to watch. Even if ETH doesn’t break out now, it’s very likely to do so on the next attempt.
So, any strong correction dips remain good buying opportunities.
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@WiseAnalyze #ETH #ta
🎯 Key Levels to Watch:
• Above: 3958 / 4110 / 4631
• Below: 3676 / 3524 / 3336
🔥 ETH Liquidation Heatmap:
• Above: 3844 / 3884 / 3957
• Below: 3766 / 3750 / 3671
Ethereum has been the clear winner since last week’s breakout on the ETHBTC chart.
Now it’s entering a bearish order block left from December’s failed swing. This same zone also marks the high timeframe range top, previously tested in March, May, and December 2024.
So, ETH is approaching this level for the 4th time. Historically, that gives a high probability of a breakout, but given how much ETH has already rallied since the April dip, it may be too overbought for an immediate break.
Still, this area is crucial to watch. Even if ETH doesn’t break out now, it’s very likely to do so on the next attempt.
So, any strong correction dips remain good buying opportunities.
🔥 WiseAnalyze official partner MEXC - ref with 20% discount on spot and futures! Plus up to $8,100 in bonuses!
@WiseAnalyze #ETH #ta
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