ETH/USDT Update. for KRAKEN:ETHUSDT by HashEther

Explore insights within the DeFi house. This article dives into: “ETH/USDT Update. for KRAKEN:ETHUSDT by HashEther”.

ETH/USDT weekly chart with these yellow development strains forming what seems to be like a long-term ascending triangle / resistance ceiling just below the $4,300–$4,400.
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1. Big Picture

The high yellow line is a multi-year resistance connecting the Nov 2021 and Mar 2022 highs.

ETH is correct at that line now — that is the place traditionally heavy promoting stress has appeared.

If ETH closes a weekly candle above $4,400 with sturdy quantity, that’s a confirmed breakout of a 3-year construction.

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2. Breakout Scenario

If we get a breakout:

Measured transfer from the bottom of the triangle (~$880 low to $4,400 resistance) = ~$3,520 peak.

Add that to the breakout zone (~$4,400) → Target $7,900–$8,000 over months (not days).

First resistance after breakout: $4,870 (Fibonacci 2.0 extension & historic provide).

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3. Rejection Scenario

If rejection occurs right here:

Possible pullback to $3,760–$3,820 (weekly demand / order block).

Deeper correction might goal $3,130 if BTC additionally cools off.

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4. Smart Money View

This is a high-liquidity zone — establishments & whales usually engineer pretend breakouts right here to entice longs.

A weekly candle wick above $4,400 however shut beneath might be a bull entice.

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Key takeaway:

Above $4,400 weekly shut = bullish continuation → long-term $6.5k–$8k targets.

Fail to interrupt $4,400 = short-term correction again towards $3.8k or decrease.

Watch BTC on the identical time — ETH nearly by no means breaks multi-year highs alone.

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