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
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.