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Which points should Ethereum pass to reach 4,000 dollars?
Cryptocurrency News - Ethereum price is struggling around the descending resistance line. So far, we haven’t seen a confirmed breakout from the falling wedge pattern. Therefore, the resistance is still holding around $3,300. To confirm the breakout from the falling wedge, we need at least a daily candle to close above the resistance line, around $3,300.
If we activate the price target, we can start a breakout towards $4,000. However, there are some obstacles in front of this price target. We have potential resistance levels around $3,430 to $3,560 and then around $3,700. Finally, the range of $3,900 to $4,100 is a strong resistance area.
Crypto World, if we confirm the break for the falling wedge and the $4,000 price target becomes active, it says there could be a potential opportunity for a long position. However, if we don’t really confirm this break and instead continue to find resistance along the descending resistance line, it indicates that we need to follow support areas.
The information in the text is purely for informational purposes and does not constitute investment advice. The author and kriptoparahaber.com are not responsible for any profits or losses resulting from your investments. Ultimately, investment relies on many factors such as knowledge, experience, research, and personal decisions.
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