ETH/USDT Critical Levels in Play Breakout or Rejection at $4000
2024-12-17
Category: None

BINANCE:ETHUSDT  is at a pivotal level near $4,000, where history has shown significant resistance. A breakout above this level could ignite a strong rally toward $5,000, while a rejection may lead to a pullback toward $3,000. 

Bullish Scenario:

A daily close above $4,000 with strong volume could confirm a breakout, triggering a rally toward the next major psychological level near $5,000 (previous all-time highs).
Entry: Above $4,050 (confirmed breakout).

Bearish Scenario:

If ETH faces rejection at $4,000 and shows bearish signals (e.g., long upper wicks, bearish candlesticks), a pullback toward the $3,500 zone is likely (EMA50).

Disclaimer:
This analysis is for educational purposes only. Always conduct your own research and manage risk appropriately before trading.