ETHEREUM → The coin comes to life. Target 4,000?

ETHUSDT is forging a retest of the key support area. On the background of NFP publication, the coin grows following the flagship - BTC and tests 3130. We are waiting for a retest of 3200.

An interesting promising candlestick pattern is forming on W1 on the background of the retest of the key support, which is the resistance of the previously broken ascending channel. The Chart clearly shows how the market is gathering liquidity at the expense of sellers, which is generally an encouraging pattern with the goal of further growth. On D1 it is worth paying attention to the triangle boundaries, as well as to the 3200 area, a breakout and subsequent consolidation above which will form a strong bullish potential that can continue to grow to the interim high of 4086, as well as to the ATH.

Support levels: 2900, 2812
Resistance levels: 3200, 3350

Technically and fundamentally, ETH has a good potential. The phase of realization of the accumulated energy can be activated at the breakout of 3200. Also, on a bullish trend symmetrical triangle is a good and potentially promising pattern.

Regards R. Linda!

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The 3200 - 2900 range is playing a key role at the moment

Comment:

Consolidation

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ETH is testing one of the important levels of 3065.
In general, the structure is still weak, but bullish prerequisites are already appearing.

Consolidation of the price above the level can be the reason for growth to 3275
From 3300 the price may go to 3700 and further to 4100. Fundamentally everything is good at the moment

Risk zone 2950

Comment:

The rise continues with all eyes on 3200

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The price is gradually pushing towards 3200. Consolidation is forming, but the level has not been retested yet. It is important for the market to test, as we need to see the reaction of buyers and sellers, as 3200 is a liquidity area

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Bounce from resistance. A retest to the level will give a chance for a breakout

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A false break of trend support is formed

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The price is over 3K

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Within the framework of this rally the price can reach 3200
And around this level (3200) it will be necessary to watch the price reaction.
A slow approach will be a prerequisite for the readiness to break the bearish correction and continue the growth

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