Ethereum is showing strong structure on the higher time frame. After rejecting lower levels, price has reclaimed the mid support/resistance zone, and is now consolidating just above it.
What’s key here is the long-term rising trendline, which has held beautifully since 2020 and once again acted as a springboard for the recent bounce. This kind of confluence — trendline + zone flip — adds weight to the current price structure.
If ETH maintains this zone, we could see accumulation continue, followed by a breakout toward the upper resistance line. For now, the chart leans bullish, but patience is key as consolidation plays out.
DYOR, NFA
What’s key here is the long-term rising trendline, which has held beautifully since 2020 and once again acted as a springboard for the recent bounce. This kind of confluence — trendline + zone flip — adds weight to the current price structure.
If ETH maintains this zone, we could see accumulation continue, followed by a breakout toward the upper resistance line. For now, the chart leans bullish, but patience is key as consolidation plays out.
DYOR, NFA
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Daily Free Signals :bit.ly/UnichartzAlpha
Register on Bitunix and trade with me: 👇
bitunix.com/register?vipCode=coEA
Register on Bitunix and trade with me: 👇
bitunix.com/register?vipCode=coEA
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.