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Technical analysis by Shved126 about Symbol ETH: Buy recommendation (2/9/2024)

https://sahmeto.com/message/2664119
Shved126
Shved126
Rank: 20306
1.4
Buy،Technical،Shved126

I anticipate accumulation near the $2476 level for Ethereum, followed by a breakout above this level and a move exceeding $2500. After reaching this mark, further accumulation above $2500 is expected. There's also an alternative scenario involving a local correction before breaking through $2476, though I consider it less likely. If the second scenario unfolds or after a breakout and consolidation above the $2476 level followed by a retest of this level, I will be looking for suitable entry points.

Translated from: English
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Signal Type: Buy
Time Frame:
1 hour
Price at Publish Time:
$2,473.54
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