Unveiling Ethereum’s (ETH) Market Trends: Expert Technical Analysis Insights for May 3, 2024
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Ethereum Technical Analysis Report 3 May, 2024
- Ethereum cryptocurrency is expected to rise further toward the next resistance level of 3340.00.
- The digital asset recently reversed up from a key support zone, sparking bullish sentiment in the market.
- Experts predict this upward trend to continue, given the prevailing market conditions.
In this Ethereum technical analysis report, we delve into the recent market trends and forecast the potential trajectory of this leading cryptocurrency. Stay informed about the latest developments and make informed investment decisions.
Ethereum Reverses from Support Zone
Ethereum recently experienced an upward reversal from a support zone. This zone lies at the intersection of the key support level of 2860.00, the support trendline of the daily up channel from October, the lower daily Bollinger band, and the 50% Fibonacci correction of the previous upward impulse from October. This reversal marked the end of the previous correction 2, sparking optimism among investors.
Anticipated Rise to Resistance Level 3340.00
Given the prevailing daily uptre... Read the full article for FREE at COINOTAG!
