Ethereum (ETH) has completed a Falling Wedge breakout followed by the formation of a potential Double Bottom pattern on the 4H timeframe, signaling a bullish reversal setup.
Technical Analysis:
Falling Wedge Breakout indicates trend reversal potential.
Double Bottom structure formed around $1,700 – $1,750 support zone.
Key Resistance Levels: $2,005 and $2,500 (pattern targets).
Fundamental Outlook:
Growing Ethereum network activity and ETF speculations supporting bullish sentiment.
Market participants eyeing Ethereum’s role in broader crypto adoption & DeFi space.
Broader crypto market recovery adding positive momentum.
If price sustains above $1,880, further upside towards $2,005 and possibly $2,500 can be expected. Break below recent bottom may invalidate this setup.
Watch for volume confirmation and market sentiment drivers!
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Technical Analysis:
Falling Wedge Breakout indicates trend reversal potential.
Double Bottom structure formed around $1,700 – $1,750 support zone.
Key Resistance Levels: $2,005 and $2,500 (pattern targets).
Fundamental Outlook:
Growing Ethereum network activity and ETF speculations supporting bullish sentiment.
Market participants eyeing Ethereum’s role in broader crypto adoption & DeFi space.
Broader crypto market recovery adding positive momentum.
If price sustains above $1,880, further upside towards $2,005 and possibly $2,500 can be expected. Break below recent bottom may invalidate this setup.
Watch for volume confirmation and market sentiment drivers!
Must Support Me Share My Idea With Your Firends Mention Your Feed back Comment Section
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For More Help
Telegram @Josh_trading
t.me/+rTQmlGBcbsk1YjI0
Our Channel
t.me/+sx2UuhofKsE4ODY0
Telegram @Josh_trading
t.me/+rTQmlGBcbsk1YjI0
Our Channel
t.me/+sx2UuhofKsE4ODY0
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.