#Crack #Ethereum #Binance #4hour

– Ethereum is emerging with a strong upward trend.

– Although a strong uptrend is currently in progress, it has reached the long-term resistance of ‘$3,377.89′.

– The ‘$3,377.89′ resistance is an inflection line made during August-October 21, and since it is a line that showed strong resistance during a long downtrend, it is seen as an important line for this rise as well.

– In addition to ‘$3,377.89′, along with the resistance of ‘$3,424.66′, where the 1st level of the Fibonacci expansion of the medium-term upward wave is located, the possibility of a downtrend inversion should be kept in mind before breaking through the ‘$3,378-$3,424′ resistance.

– If the ‘$3,378-$3,424′ resistance is broken, we can expect an uptrend to ‘$3,833′, where the red dashed line confirms the bullish channel centerline and the 0.618 level of downtrend retracement.

– If the ‘$3,378-$3,424′ resistance is not broken, we can expect a correction as the uptrend was strong.

– If a bearish correction appears, we can expect support from ‘$3,183-$3,193′, where the 0.382 level of downtrend retracement. If a bullish correction appears, we can expect support from the short-term upward wave Fibonacci extension level of 0.618, which is identified by the yellow dotted line, and ‘$2,995-$3,005’, where the 3005 long-term inflection line is located.