Ethereum Update Today

@bl0ckchain.bulllh0rn

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Why it worked

The video provides a clear, data-driven analysis of Ethereum's price action, using visual aids like trendlines and historical data points to support its predictions. This makes the complex topic of cryptocurrency trading more accessible and understandable to a wider audience.

Summary

The video analyzes Ethereum's price chart, identifying key resistance and support levels based on historical data. It highlights a significant resistance line dating back to April 2023 and suggests that if Ethereum cannot break above $1915, it may fall to test lower support levels.

Structure

1Identifying downtrend exit and swing high/low
2Recognizing resistance level from April 2023
3Confirming historical support and rejection points
4Explaining the significance of the resistance line
5Predicting potential price movements based on breaking resistance or rejection

On-screen text

Ethereum Update Today IN THIS DOWN Crypto Today TREND. RIGHT? AND THIS IS Crypto Today YOUR LOW RIGHT AND YOUR SWING HIGH IS THIS, HAVE CLEARED THAT. OKAY? SO THAT'S YOUR CHECK MARK YOU'VE CLEARED THIS HIGH. BUT THE YOU'RE UP AGAINST THIS RESISTANCE LEVEL. AND THIS IS NOT SOME RANDOM RESISTANCE. AND SEE FOR YOURSELF. AM I ARE TO APRIL 2023? SOMEBODY SAY YES? THIS WAS RESISTANCE IN APRIL 2023. THIS LINE, RIGHT? IT GOT ABOVE IT. BOOM. RIGHT? YOU GOT THIS SO YOU CAN WHEN IT CAME CRASHING DOWN, LOOK WHERE IT HIT. ALSO UP HERE. THIS IS HOW THESE LINES THAT THEY'RE NOT. THEY'RE NOT RANDOM. OKAY? AND THEN LOOK RIGHT HERE. THIS WAS SUPPORT TO PUSH UP GOT, WHAT, REJECTED AT THIS LINE HERE, RIGHT? ORANGE LINE REJECTION, PARALLEL LINE REJECTION. SO I SAY AMEN TO THAT. SO YOU'VE BROKEN OUT OF HERE AND YOU'VE CLEARED THIS HIGH. YOU'RE RUNNING DIRECTLY INTO. RESISTANCE THAT HAS BEEN SURE FIRE RESISTANCE FOR HOW LONG, CALVIN? SINCE APRIL OF 2023. YEAH, YOU WHO WANNA TAKE A WILD GUESS OR WHATEVER, THAT. THAT'S THAT'S LITERALLY RESISTANCE FOR ABOUT 12 1212 BARS, 1,212D Vol 609.35 B FOR ABOUT 12 THERE'S 365 DAYS IN A YEAR. AND DIVIDE IT 60, FIVE. YOU GET THE IDEA. THIS IS SERIOUS RESISTANCE. SO, IF ETHEREUM CANNOT CLEAR 19 AND FIFTEEN DOLLARS OR SO. WHATEVER. CLEAR THIS AND GETS REJECTED, YOU LEG DOWN. SORRY, THAT'S JUST WHAT IT IS. RIGHT. SO I'M GIVING YOU A SAND. PRETTY MUCH 1915. IF YOU CAN BREAK ABOVE THIS, FIND SUPPORT, IT'S GONNA MAKE ITS TO CHALLENGE THIS, ABOUT 24. THAT'S THE ASSIGNMENT. THIS IS THE LINE GOES BACK TO 2023. IF YOU DO NOT BREAK IT, YOU WILL COME TEST THESE LOWS. OR HERE, OR TO TEST THIS THAT'S FACTS. IF SUPPORT ABOVE 19 AND FIFTEEN DOLLARS OR SO. RIGHT. IT'S GONNA GO UP HERE TO CHALLENGE 24 NOT BECAUSE I'M DREAMING OR WISHING BUT BECAUSE THE DATA ALREADY TELLS WILL DO THAT.

Original caption

Ethereum Price prediction, Ethereum Update today #ethereum #marketupdate #cryptonews #crypto #cryptomarket

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Transcript

you're no longer in this downtrend. Right? And this is your low right here and your swing high is this. which means you have cleared that. Okay, so that's your check mark there. You've cleared this high. The problem is you're up against this resistance level. And this is not some random resistance. Look back here and see for yourself. Am I are we back here to April 2023? Somebody say yes. This was resistance in April 2023. This line. Right? It got above it. Boom, right? And that's when you got this one. So you can see that. But look, when it came crashing down, look where it hit. Also up here. This is how you know that these lines that I drew, they're not they're not random. Okay? And then look right here. This was support to push up here before you got what? rejected at this line here. Right? Orange line rejection, parallel line rejection. So I say amen. to that. So you've broken out of here and you've cleared this high, but look what you're running directly into. Resistance that has been sure fire resistance for how long Calvin since April of 2023. Yeah. For those of you who want to take a wild guess or whatever, that that's that's literally resistance for about 1200 days. There's 365 days in a year, so take this and divide it by 365, you get the idea. This is serious resistance. So, if Ethereum cannot clear $1915 or so or whatever. If it can't clear this and it can gets rejected, you can see another leg down. Sorry, that's just what it is. Right? So, I'm giving you a line in the sand. Pretty much 1915. If you can break above this, find port it's going to make its way up here to challenge this which would be about 2400. That's the assignment. This is the line in the sand. This line goes all the way back to 2023. If you do not break it, you will you will come back down to test these low over here or to test this line here. That's facts. If you can find support above $1915 or so, right? It's going to go up here to challenge $2400. Not because I'm streaming or wishing it, but because the data already tells me that it will do that.