ETH’s Next Move: Is $3,600 Within Reach for This Bull Run?
2024-11-19

Hey Realistic Traders, Is  BINANCE:ETHUSDT  About to Make New High Again? Let’s Dive In....

On the H4 timeframe,  ETHUSDT rebounded above the 38.2% Fibonacci level, marking the completion of wave 4.  Within this wave, a symmetrical triangle pattern formed and recently broke out above the upper trendline. This breakout was further confirmed by a bullish MACD crossover, signaling increasing momentum and strengthening the case for a continued upward move.

Based on these technical signals, I anticipate a potential upward movement toward  the first target at $3,376 . After reaching this level, a minor pullback is likely before the rally continues toward a new high at  $3,684. 

 This outlook remains valid as long as the price holds above the stop-loss level at 3,008. 

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 Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Ethereum.