ETHEREUM → A coin is being prepared To The Moon ↑
2024-11-23

BINANCE:ETHUSDT  is lagging behind the general market growth in the cryptocurrency world. The price is still squeezed between consolidation boundaries, but there are already positive signs. Bitcoin is close to 100K and altcoins are opening the season. 

  

Ethereum is lagging behind in the race, this is clearly visible on D1-W1. It's not that the price can't reach ATH, the coin hasn't yet updated the 2024 high. Before the start of the altcoin season, the community was skeptical about the fundamental project due to the behavior of the development team, but the victory of trump, the change of the political team to a pro-cryptocurrency one could be the strongest driver for ETH in recent times. 
After local distribution, the price is testing the triangle resistance, forming another accumulation. A retest of the upper boundary indicates the formation of a trigger, the breakout of which will activate the rally. 

 Resistance levels: 3442, 3568
Support levels: 3028, 2820 

Technically, the coin shows us another trading range, the role of which is consolidation. 
If the resistance cannot be broken from the third time, a correction before further growth is possible. 

 BUT! We need to be careful, as any BTC correction can trigger a bearish rally in the altcoin market. Bitcoin has almost reached 100K and for many this is a red zone for profit taking.  

 Rate, share your opinion and questions, let's discuss what's going on with ★  BINANCE:ETHUSD  ;) 

Regards R. Linda!