Ethereum/USDT
Long

DeGRAM | ETHUSD broke out of the triangle

169
📊 Technical Analysis
● ETH/USD is forming a long-term ascending base after the major low near ~$2,600, with price stabilizing along the rising support line and completing a broad consolidation triangle. The breakout from this formation suggests a potential trend change after the extended downtrend.
● The downward sloping resistance line from the 2025 highs provides the next objective. A reclaim above the ~$3,400–3,500 region would signal structural recovery and continuation toward higher long-term targets.

💡 Fundamental Analysis
● Ethereum’s fundamentals remain strong with continued network growth, increasing staking activity, and renewed institutional interest in ETH-related products, which supports a sustained long-term recovery narrative.

Summary
● Long-term bullish bias. Support holds at the rising trendline. Key breakout region: ~$3,400–3,500. Targets above resistance line uphold continuation potential.

-------------------

Share your opinion in the comments and support the idea with a like. Thanks for your support!

Haftungsausschluss

Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.