From the current weekly structure, Ethereum (ETH) appears to have completed its corrective phase. Yesterday’s move shows a clean retest of both the 20-period SMA and the long-term descending trendline, confirming this area as a strong confluence zone of support.
This reaction signals a potential reversal point where buyers may regain control. Given this setup, my bias turns bullish — I believe ETH has likely finished its downside correction and could be setting up for a major upward leg.
📈 Outlook: Over the coming months, I expect Ethereum to build momentum and potentially print a new all-time high if market conditions remain supportive.
Still, markets are inherently unpredictable — this remains my personal technical view, not financial advice.
This reaction signals a potential reversal point where buyers may regain control. Given this setup, my bias turns bullish — I believe ETH has likely finished its downside correction and could be setting up for a major upward leg.
📈 Outlook: Over the coming months, I expect Ethereum to build momentum and potentially print a new all-time high if market conditions remain supportive.
Still, markets are inherently unpredictable — this remains my personal technical view, not financial advice.
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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.