5th April 2022 | ZebPay Trade-Desk
Eth trades in the green, with a 4.5% increase over the past 24 hours. After some resistance, if the current prices hold above their current levels, then we can expect a rally to the psychological level $4,000. If it falls, then you can buy in the dips.
ETH traded at $3,525.
After a breakout above the ‘Symmetrical triangle’ pattern, ETH has surged nearly by 24% to reach a weekly high of $3.578. The asset is currently consolidating between $3550 and $34,00 with low volumes. ETH wants to create a ‘Golden Cross” pattern. This is when an asset’s short-term average crosses over its long-term average. This indicates the potential for a major rally. If prices remain above $3650, then it is possible for the price to rise further to $3,800-$4,000 levels.
Support 2Support 1AssetResistance 1Resistance 2$3,000$3,350ETH$3,650$3,800
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