29th March 2022 | ZebPay Trade-Desk
Eth trades in green, with a 2.5% rise in the past 24 hours. After some resistance, we can expect prices to rally above current levels and reach the psychological $4,000 mark. If it falls, then you can buy in the dips. The bulls will attempt to move the asset up again.
ETH trades at $3,370 as of the writing date.
ETH traded in a range that formed a ‘Symmetrical Triangle’ pattern. After finally breaking out above the range, the support began to move upwards and formed a ‘Higher Top Higher Bottom’ pattern. The prices have risen by almost 20% after the breakout. Strong resistance can be expected at $3,415. If the asset holds and closes at this level, prices could rise to $3800. The asset will receive strong support from the $3,275 to $3,000 levels.
Support 2Support 1AssetResistance 1Resistance 2$3,000$3,275ETH$3,415$3,800
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